verb. to spark up some ganja/reefer/maui wowie/backyard boogie with some of your nearest and dearest friends.
Ethymology: chillin--> chilean--> chilean seabass--> seabassin'
AJ: Hey buddy, we are seabassin' tonight, you down?
Bigface: I'm always down to seabass.
Gonzo: I practically invented seabassin'.
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