originated as a code word for leaving an awkward or unpleasant environment or situation.
to exit, to flee or escape. evacuate the premises
the act of removing oneself from a certain situation.
1. "the police arrived and i was splitsville"
2.
Randy: "dude this party is sooo lame."
Larry: "totally man"
Randy: "splitsville??"
Larry: "yeah definately splitsville"
to BE ABOUT to split up or break up with one's boy/gilrfriend
to get divorced from one's husband/wife SOON
The expression is used in a rather funny, joking or kidding context, referring to the unfortunate and rather dramatic fact of an imminent break-up/split-up/divorce.