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Chillabrate 

v. (chill-uh-brate): 1) to celebrate a significant event in a very relaxed manner; 2) to celebrate an insignificant event in an appropriately insignificant manner.
Instead of going out this New Years Eve to a loud club, I think some friends and I will just stay in and chillabrate.

When my co-worker comes back off her maternity leave, I'm going to buy her a burrito for lunch and chillabrate her return to work.
Chillabrate by FreeInKentucky December 31, 2011

chillaxerbate

to be chill or in the act of "chilling out" while masterbating
just be patient.. go chill or masturbate.. or chillaxerbate
chillaxerbate by webster24 July 12, 2005

chillibrate

To relax and party as a means of celebration.
We're going to go to my house and chillibrate since that exams are over.
chillibrate by kerry August 2, 2004

Chillaxinate 

A perfect trifecta of chilling, relaxing and marinating.

Main Entry: chill•ax•in•ate
Pronunciation: chill axe i nāt
Function: verb
Inflected Form(s): chillax·i·nat·ed; chillax·i·nat·ing
Etymology: probably from Italian chillaxinato, past participle of chillinare to chillaxinate, from chillino
Date: circa 1645
transitive verb
: to chill, relax and marinate at the same time
: to become chillaxinated
— chillax·i·na·tion \ˌchillax-ə-ˈnā-shən, ˌma-rə-\ noun
All I did on my vacation was chillaxinate on the beach with the some trees and brew after anally prolapsing your mom.
Chillaxinate by pooinatree June 8, 2014

chillaxitate 

1. to be calm
2. to be in a state mental chillness
3. to hang out with friends
1. "dude im chillaxitated right now, i just want to stay here"
2. "hey man, chillaxitate its just dog"
3. "hey bro, we should chillaxitate super soon"

chillibrate

When one or a group has the need to celebrate an event or accomplishment but has recently celebrated in the form of alcohol consumption and finds it necessary to have a relaxed celebration, ie "chill".
Yeah man, last weekend was a little crazy, but like since I got in William and Mary we needa chillibrate this weekend.

Chillibrate for our liverates.
chillibrate by bbpanda December 1, 2011