noun
a slang term combining 'chill' and 'relax', referring to a state of being calm and relaxed
verb
to relax or take it easy
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After a long day of work, I enjoy spending my evenings chillaxing at home with a good book.
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Let's just chillax and watch some movies tonight.
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I'm just chillaxin with my friends at the beach.
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Sometimes you just need to take a step back and chillax, everything will work out in the end.