The act of banking on not having school because of a snowy forecast. At the very least this will usually consist of doing
absolutely no work for
the next day. Other options include: staying up later than usual, playing in the victory snow, staying at someone else's house, drinking, and other various activities. This glorious activity can be carried out by both students and teachers. The less snow called for, the more exciting the snow banking is.
Disclaimer: Snow banking can only truly occur if the snow banker has no
knowledge of an actual snow day yet
Derek: How is that paper coming along that's due tomorrow?
Cam: I'm not
working on it, I'm over at Conor's
Derek: How will
you get it done before tomorrow then?
Cam:
It doesn't matter. They're calling for a half inch of snow overnight. I'm snow banking. Hard.