a Portmanteau of the words Chillin + Relaxing + Procrastinating. A favorite at many college campuses on weekdays.
Dude 1: Did you do that physics homeboy dawg?
Dude 2: Na Na foo, I be straight chillaxinatin
Dude 1: Man, you're such a slacker.
Dude 2: Mayne, you're such a fag.
Started in The Silver Spring/D.C. area meaning to chill, relax, and to medicate (smoke marijuana) all at the same time; creating a trifecta of the perfect activity.
Napoleon Dynamite: Friggin' idiot! I have a friggin' stats test tomorrow...
Hancock: Hey, just chillaxicate and you'll do well.
A small piece of information. Derived from the word ken, used often in the scottish language and is synonymous with knowledge.
Person 1: "Hey I don't get this shit. How do you solve this problem?"
Person 2: "I got that one. Give me some kenlets on this assignment and I'll help you w/ that one."