Shibs : (Noun) To combine the characteristics of ''Shotgun'' and ''Dibs'' i.e. A claim declaring ownership of an object or situation.
If one does not wish to participate in an undesirable activity then one muct declare "shibs". Everyone else aware of ''shibs'' must then declare "shibs" as quickly as possible. The last person to declare shibs is the reciprocant of said undesirable activity. In contrast, if the activity is desirable the first to declare "shibs" is the reciprocant.
Honestly the single, most democratic thing ever put forth by anyone in history, EVER.
gary - "shibs"
monty - "shibs.....aww fuck"
mccann - *passes le spliff to gary*
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*doorbell rings*
dave - "shibs"
monty - "shibs"
gary - "shibs... seriously guys, fuck you"
*gary goes and answers door*
An alternate way to express that a situation 'should be (shibi) alright (shibs)' and result in a desired outcome. This term can be used as a famous last word prior to engaging in an action or activity with a low likelihood of success.
Squad leader: Full squad ahead, you have a pistol and no plates, pull back!!
You: Hmm, shibi shibs!!
Friend: You just smashed 2 cans of VBs and a tequila shot, give me the keys.
You: Shibi shibs bro!!
another term for a station wagon, mini-van, or any other kind of vehicle that is targeted at the "family" demographic(also M.A.V.)
"Tactical advantages aside, the M.A.V. is top of the line for the holy warrior troop transport manufactured by the Church of Latter Day Saints Military Industrial Complex. Also great for family trips...to heathen lands."