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confab (n.)

"familiar talk or conversation, chatting," 1701, colloquial shortening of confabulation. Mocking variant conflab is attested from 1852, American English. From 1741 as a verb. Related: Confabbing.

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Definitions of confab from WordNet
1
confab (v.)
talk socially without exchanging too much information;
Synonyms: chew the fat / shoot the breeze / chat / confabulate / chitchat / chit-chat / chatter / chaffer / natter / gossip / jaw / claver / visit
confab (v.)
have a conference in order to talk something over;
Synonyms: confer / confabulate / consult
2
confab (n.)
an informal conversation;
Synonyms: chat / confabulation / schmooze / schmoose
From wordnet.princeton.edu