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1.
Something that is expected and also a harsh truth that you're forced to accept.
(This is an example using a two person conversation.)

"The new president is a douche bag."

"That's expectable...."

"Why!? Is it because he's a democrat?!"

"No. . . It's because he ran for president; they've all been douche bags since Thomas Jefferson."

"^_^"

"That's not a word. . ."

"$@J)(DE)@XKLK!!"

"Fair enough."
by Chaz Walker August 24, 2008
 
2.
a word used to describe something that is both acceptable and expected
That's expectable
by kendra-o February 28, 2011