A combination of the words "nigger", "bitch", and "terrific"; the term "niggerbitchriffic" is a statement of sarcastic joy, usually spoken in a time of frustration.
"Hey John, I accidentally put your puppy in the microwave"
A slang term combining the words nigger and ravioli into a term that refers to a black person that is your friend if you are white. Often a term used when you are not given the "N" word pass.