A contraction of 'Serious Business', popularly used among the Red vs Blue forums, as well as various other ports of call around the internet.
It's main use is mocking, when someone takes the internet too seriously or takes a joke too seriously, people will often remark on how it is "srs bsns".
WWE Chris Jericho's darker, legend killing, serious form. He has infinite power and many cults among the wrestling forum's liars, hypocrites and parasites. Gets jobbed out to Cena and Mickey Rourke as well.