a Portmanteau of the wordsChillin + Relaxing + Procrastinating. A favorite at many college campuses on weekdays.
Dude 1: Did you do that physics homeboy dawg?
Dude 2: Na Na foo, I be straight chillaxinatin
Dude 1: Man, you're such a slacker.
Dude 2: Mayne, you're such a fag.
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).