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A mix of the words "Chill" and "Relax."
Chillax by @$$hole12 January 15, 2012

Chillaking 

A term referring to kayaking when the temperature of the water or air is low, derived from the combination of chill and an abbreviation of kayaking.
Even though the temperature was close to freezing, Malcolm went chillaking.
Chillaking by Keowee August 12, 2012
(verb) to chill out while relaxing one's bowels, sometimes with yhe help of some laxatives.
''I'm gonna go chillax on the can, I'm constipated man"
chillax by Jah Kitsch August 10, 2012
"Just gonna go and chillax"
Chillax by WOW101 August 7, 2012
A mix between Chillout and Relax, used mainly in front of an aggressive or nervous person, Chillax is actually more calming than Relax, calm down etc.
Chillax man, it's not worth razing your voice....
Chillax by Barb the Pirate October 12, 2012

Chillin' Bom Billin' 

When you are relaxing, 'taking it easy'

e.g On a bed with friends,

"You alright there mate" "Yeah, Chillin' Bom Billin'."

Also can be used when something good happens.
e.g

"Mate, Ive got that tenner I owe you." "Chillin' Bom Billin'. "
"You alright there mate" "Yeah, Chillin' Bom Billin'."
"Mate, Ive got that tenner I owe you." "Chillin' Bom Billin'. "
Chillin' Bom Billin' by BOOMTING' December 31, 2012