An alcoholic beverage while hungover. Supposed to cure or ease the sick, sleepy feeling after an alcoholic drinking session. Very similar to 'hair of the dog'.
A spin off of the word Hibernate; To Livbernate is to avoid all the bullshit, drama, responsibilities of this Fucking World by playing video games on Xbox Live for a long period of time. You just game until all of this bullshit is ends.
Ant: "Fuck these politicians, the Banking systems, My shitty ass boss, gold digging girlfriend, facebook drama, time to play some Multiplayer on Modern Warfare 3 and livebernate.