A combination of the words "shit" and "sabbatical." When you have to take a crap and you know it will take a while and you requires some form of entertainment while doing your business. When going "on shibbatical" one might take a laptop, telephone, book, homework assignment, magazine, gameboy, or perhaps a portable television.
"Hey John O, where are you going with your laptop?"
"Dude, I ate a shitload of taco bell earlier, I'm going on shibbatical."
The word regually spoken whilst shaking ones head, making ones cheeks wobble.
This word is usually used to describe obese individuals, or somethng crazy that made the user of the word laugh aloud.
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."
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.