To be in a state of relax. Taking everything in a relaxed fashion.
Commonly thought to be derived from the merger of 'Be' and 'Relaxed', however its true origin comes from the island of Malta. In Maltese, "Bir-relax" literally means 'With relax', and its shorthened version is Birelax
Hey Mate! How are you?
Birelax!
How are you dealing with your money problems?
Birelax man. No need to worry anymore