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A typo made when trying to spell the word "crazy" that has developed into a well know variation of the word.

Much like pwn.
"Man you're so f**king craxy, I don't know what to do with you"
by Jon Fish February 17, 2008
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Something so crazy that it deserves a word that comes sooner in the dictionary.
That's so crazy, it's craxy!
by dan bernitt September 13, 2008
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A descriptive word for the behaviors exhibited by chronic users of crystal methamphetamine and/or crack cocaine.
That tweeker is so craxy she can't even sit down for more than five minutes.
by Rong1 February 10, 2010
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a cross between the words "crazy" and "sexy", meaning crazy sexy.
Dev is going to find a craxy boy while in Panama City, and then they will bang.
by kozlo. :) March 31, 2009
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