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One announces the phrase "Gazillion Dollar Bet", when they are so sure about something, that they would be willing to bet a whole one Gazillion (a lot) dollars on it. Gazillion Dollar Bet can be implied to any statement, claim or competition. Upon recieving the challenge of a Gazillion Dollar Bet, the betee must either back down to the beter's terms, or accept the Gazillion Dollar Bet. A Gazillion dollars cannot be repaid easily, and this term should not be used lightly. The loser of a Gazillion Dollar Bet shall forever be indebted unto the person they lost the Gazillion Dollar Bet to, untill the loser of the initial Gazillion Dollar Bet wins a Gazillion Dollar Bet against the initial winner. Or, in the miraculous case that the loser of the Gazillion Dollar Bet has a Gazillion dollars, payment of the owed Gazillion dollars is an acceptable settlement of the Gazillion Dollar Bet. In both cases, the debts shall then revert back to no dollars owing from either party.
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