A combination of the words "shenanigans" and "debacle" to indicate a disastrous or confusingsituation resulting from questionable or mischevous practices/conduct.
Wow, that party last night was such a shabacle after my ex showed up.
Coined in April 2010 by "Prime Time" Deion Sanders, shibacle refers to a scenario where a social or business exchange takes place that is totally lopsided and unfairly skewed toward one of the parties involved (possibly unbeknownst to the fool that is getting taken for a ride). It is a combination of shit, shitty, or shittily and debacle. Shibacle.
This whole thing is a mess-- that loser totally got shibacled by that dude. Epic fall.
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.