an utterly random phrase usally said by a clown to scare people (you have to say it fast for it to make sense)
Chris: Ahhh! that clown just said squidillybop!
Jesse: Silly Chris clowns dont say squidillybop...
Clown: SQUIDILLYBOP!
Chris and Jesse: NOOOOOOOOOOOO!
The event of a miraculous squid attack; moreover, a squid latching its self to one's face while said person is nowhere near a body of water containing squid.
Johnny got jacked going North on 95 by some tentacles- fucking squidipity man!