liable, libel

Liable or liable means likely or probable, in a general sense of possible consequences--
If he keeps missing work, he's liable to get fired.
If you park there you're liable to get a ticket.

Liable or liable means responsible or accountable, in a legal sense--
The court found him liable for the damages caused by the faulty repair.
If we don't put a fence on the edge of this hill, we may be held liable for any injuries that occur.

Libel or libel ( almost rhymes with liable ) means the crime of false accusation or defamation of character, in print, published or broadcast--
The politician is suing the magazine for libel, because of the cartoon they printed.
We can't print this; we might be sued for libel.

Now that you know that, you can say--
"The news anchor said that the star is liable to win his libel suit against the celebrity magazine."