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One announces the phrase "Gazillion Dollar Bet", when they are so sure about something, that they would be willing to bet a whole one Gazillion (a lot) dollars on it.
Gazillion Dollar Bet can be implied to any statement, claim or competition.

Upon recieving the challenge of a Gazillion Dollar Bet, the betee must either back down to the beter's terms, or accept the Gazillion Dollar Bet.

A Gazillion dollars cannot be repaid easily, and this term should not be used lightly.
The loser of a Gazillion Dollar Bet shall forever be indebted unto the person they lost the Gazillion Dollar Bet to, untill the loser of the initial Gazillion Dollar Bet wins a Gazillion Dollar Bet against the initial winner. Or, in the miraculous case that the loser of the Gazillion Dollar Bet has a Gazillion dollars, payment of the owed Gazillion dollars is an acceptable settlement of the Gazillion Dollar Bet.

In both cases, the debts shall then revert back to no dollars owing from either party.
Dude, how sweet is Anakin Skywalker's plait behind his ear in Star Wars III?
Dude, you're such a Gronk; Anakin has the plait in Star Wars II.
Bullshit, I'm sure he has it in number three.
Gazillion Dollar Bet?
Done.

In this scenario, the accuséd Gronk would lose a Gazillion dollars, for everyone knows Anakin has the plait in the second movie.

Spotto! (Punches Boyfriend)
What the hell, as if that car was yellow!
Gazillion Dollar Bet?
How can we ever resolve that?
Mmm true.

In this situation, the Gazillion Dollar Bet is void for it could never be truly resolved.

Note: in no way does the author of this document or his/her associates and/or proprietors endorse the undertaking of gambling and/or punching of boyfriends.
by Husuf March 26, 2010
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gazillion

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Man, if only I had like, a gazillion dollars!
by AshuraZro January 25, 2005
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Related Words
Gazillion Gazi gazizza Gaziboed gazilla gazing Gazingo gazini gazinka gazinta

terminal gazing

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The act of people watching as they walk by in airport, train or bus terminal with the sole purpose of passing the time to reduce boredom while waiting for your flight, train or bus.
My flight was delayed 3 hours, so I passed the time terminal gazing.
by carlos villarreal April 27, 2006
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gazillion

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An imaginary number used to emphasize the vastness of something.
China has a gazillion people.


I have a gazillion dollars etc.
by Gumba Gumba April 14, 2004
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Gaziboed

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Being very Drunk.
I was totally gaziboed last night.
by Clive - O March 1, 2009
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boner gazing

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LOOKING AT AN ERECT PENIS INTENSELY, IN COMPLETE AWE AND ADORATION OF ITS BEAUTY.

SPENDING HOURS LOOKING AT ERECT DICKS; AROUSED BY THE SIGHT OF ERECT DICKS TO THE POINT OF BEING DICKNOTIZED.

"Bro, I just spent 8 hours boner gazing and masturbating."
boner dicknotized bator edger gooner solosexual boner gazing
by Fully Rigid January 16, 2014
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Someone who owns more money than can be drunk, smoked or snorted, ever.
The richest man ever was Percival P. Smithely, a fastidious gazillionaire who would think nothing of spending $1,500 on a single Q-Tip.
by Zoboomafoobar June 20, 2008
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