What is Ebail?
1.
breaking up with someone or quitting over the internet
My girlfriend lived in Pittsburgh, and I didn't want to drive 4 hours to dump her, so I ebailed on the bitch.
2.
Using an email, myspace, facebook, or IM to get out of (bail out on) plans you had previously made with someone.
Chad: Hey bro, wanna hang?
Mike: Yeah, I'll just eBail on Jeff real quick.
See 
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