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To socialise with, "hang with" or just be around awesome people for an amount of time, doing awesome things together.
Guy 1: Wanna go chillbang at my house after school?

Guy 2: Hell yes!
chillbang by boogerh7 November 28, 2010

Chillabrate 

v. (chill-uh-brate): 1) to celebrate a significant event in a very relaxed manner; 2) to celebrate an insignificant event in an appropriately insignificant manner.
Instead of going out this New Years Eve to a loud club, I think some friends and I will just stay in and chillabrate.

When my co-worker comes back off her maternity leave, I'm going to buy her a burrito for lunch and chillabrate her return to work.
Chillabrate by FreeInKentucky December 31, 2011

chillard 

completely chillen. Head cleared, feet up, blunt in mouth. No worries, No complaints, simply chilllllness.
Karlie is such a chillard.
chillard by swaggerstoops September 11, 2011

chillbase 

(noun)- a location where people chill
(verb)- to chill somewhere (chillbasing)
"Yo wheres the chillbase at?"
"Me and Joe are chillbasing here tonight."
chillbase by Big Ryan July 3, 2006

Chillbro Baggins 

The act of chilling like a hobbit.The phrase is often used when under the influence of an alcoholic substance or a drug. This word has grown to common use in the school districts of Northern Massachusetts and Southern New Hampshire, by teenagers, who like repeating the same phrases.
Kevin: Yo Whats up bro? Wanna chillbro baggins?
Tug: Kevin, please quit saying that, you sound lame.
Matt: How Lame?
Tug: Medium.
Matt: How Medium?
Tug: Jesus of Nazareth
Kevin: (sarcastically mimicking) Jesus of Nazzzzaaaarreetthh!
Chillbro Baggins by hart31 May 29, 2010

Chillbanging 

Chilling, relaxing, bumming around at home.
Agnes: Heyyy waddup man?
Tom: Just chillbanging.
Agnes: I wish I was as cool as you.
Chillbanging by nicoleface October 18, 2008