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It means BOTH "Thank you for reminding me / pointing that out for me" and "I remembered / I saw it".

Appropriately used when someone tells you something under the assumption that you do not remember or are not observing what they are telling you, and you wish to thank them AND let them know their remark was unnecessary. This word is polite, and using it implies that although you did not need the suggestion or reminder, you still wish to express gratitude.

Similar to, but more polite than, "Thanks, but no thanks."

Abbreviation: skbt
Example 1.
A: "Don't forget we are going out to dinner tonight with my parents."
B: "Skibbit."

Example 2.
A: "Look out for that car!"
B: "Skibbit."
Skibbit by The Matt Connolly December 24, 2008
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It means BOTH "Thank you for reminding me / pointing that out for me" and "I remembered / I saw it".

Appropriately used when someone tells you something under the assumption that you do not remember or are not observing what they are telling you, and you wish to thank them AND let them know their remark was unnecessary. This word is polite, and using it implies that although you did not need the suggestion or reminder, you still wish to express gratitude.

Similar to, but more polite than, "Thanks, but no thanks."

Abbreviation: skbt
Example 1.
A: "Don't forget we are going out to dinner tonight with my parents."
B: "Skibbit."

Example 2.
A: "Look out for that car!"
B: "Skibbit."
skibbit by The Matt Connolly December 24, 2008

Skibbatical 

skib-bat-i-cal, (noun) \ski-'ba-ti-kel\ (sometimes misspelled: skibatical)

An extended break or hiatus from work, school or whoever bothers you, to go rip some turns by means of skis or a snowboard. Derivative of Sabbatical, but without getting paid.
1. Bro! I’m on skibbatical! (another way of saying “I’m unemployed!”)
2. Boss, I'd rather be on skibbatical than do more **** for you! (another way of saying you're soon to be unemployed.)
Skibbatical by C Stanford August 30, 2013

skibbins 

the remains of; what is left of.
crumbs or small amount of something
pitiful or meagre amount

skibs (brev.)
"There's nothing but skibbins left in this bag of chips! Asshole."
"Unfortunately, the payments on his Porsche left nothing but skibbins in his bank account."
"..after the Apocalypse, we were left with only skibs of the world we once knew."
skibbins by fiendy mcgee March 10, 2009

skibbidy bop mm duh duh 

The sound all creatures and objects make before they explode or implode.
Person:*lights a firework.*
Firework before shooting off: SKIBBIDY BOP MM DUH DUH-
*The firework then blasts off with a loud explosion.*

mo' shibbitibly 

(defunct ghetto slang)

Agreement: Used to indicate confirmation, affirmation, understanding. esp. in response to another ghetto-esque statement.
"Damn, Jackson, home girl be lookin' fine-fine!"

"Mo' shibbitibly, my brutha."

Skibbitypap 

The action of a cat or kitten paw-slapping someone repeatedly. Cat slaps with paws, kitten slaps with paws.
Kitty wasn’t fed in time, so she gave her owner a skibbitypap as punishment.
Skibbitypap by Ziff Webster January 22, 2022