An alternate way to express that a situation 'should be (shibi) alright (shibs)' and result in a desired outcome. This term can be used as a famous last word prior to engaging in an action or activity with a low likelihood of success.
Squad leader: Full squad ahead, you have a pistol and no plates, pull back!!
You: Hmm, shibi shibs!!
Friend: You just smashed 2 cans of VBs and a tequila shot, give me the keys.
You: Shibi shibs bro!!