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1. swibs
a feeling of disappointment about a certain situation
Sam: "Oh no, there's no more drink left."
Jim: "That's swibs that is man."

or

Joe: "Alex is nickin' all your stuff!"
Dan: "As if, he's a swibadon!"
2. swibs
when a person in a relationship gets an interest from someone of the opposite sex and rejects them
She totally "wanted it", i could tell, so i had to lay down the swibs.
3. Swibs
the most amazing version of dibs ever
counters all other dibsing of any sort

also,swibsy
the best way to say cool,or awesome!
omg theres only one chicken wing
swibs!!!!

i just jumped that bigass thing on my bike
swiiiiiibsyyyyy...
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