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1.
If a statement sounds creepy but is not intended to sound so, "no ebnet" is said after the statement to insure the one who could potentially be creeped out doesn't feel awkward.
That's a really nice shirt...no ebnet.

Who are you going to hang out with this weekend...no ebnet.
by blingice November 14, 2007
 
2.
when a guy says something to a girl that could possibly be construed as creepy, but would like to clarify that it is not.
I like your shirt...no ebnet.
by Rob Gardner November 19, 2007