Telax
Comes originally from a text spelling error. It refers to the act of relaxing and watching TV at the same time.
"I'm going to stay in and Telax tonight."
Telaxing
Relaxing with a beer while watching TV.
Nate: what's up dude?
Gia: just telaxing..... beer and netflix.
Gia: just telaxing..... beer and netflix.