squabbit Share definition Flag A squirrel that has either lost or had its tail cut off. Such a squirrel hopping around a yard can resemble a rabbit, so it is thus called a squabbit. I caught a squabbit trying to steal my nuts. squabbit by Taz Fisch February 6, 2008 0 0 Get merch Get the squabbit mug. Buy Now — $32.95 See more merch