A combination of the words "shenanigans" and "debacle" to indicate a disastrous or confusing situation resulting from questionable or mischevous practices/conduct.
Coined in April 2010 by "Prime Time" Deion Sanders, shibacle refers to a scenario where a social or business exchange takes place that is totally lopsided and unfairly skewed toward one of the parties involved (possibly unbeknownst to the fool that is getting taken for a ride). It is a combination of shit, shitty, or shittily and debacle. Shibacle.