For two non-collinear vectors, $a$ and $b$, the quantity $$|a|^2 |b|^2 - (a \cdot b)(b \cdot a) = |a \times b|^2$$ is the square of the area of the parallelogram spanned by these two vectors. For three non-coplanar vectors, $a$, $b$ and $c$, we can form a similar expression $$B = |a|^2 |b|^2 |c|^2 - (a \cdot b) (b \cdot c) (c \cdot a)$$ which is not equal to the square of the volume of the parallelepiped spanned by these three vectors.
Does $B$ have any geometrical (or other) meaning?
It occurred to me that if one seeks a geometrical interpretation of $B$, then one has to write it in terms of other geometrical quantities, i.e., length squared $|a|^2$, area squared $|a \times b|^2$ and volume squared $|a \cdot (b \times c)|^2$. Doing this, we find $$B = \frac{1}{2} \left[ |a|^2 |b \times c|^2 + |b|^2 |c \times a|^2 + |c|^2 |a \times b|^2 - |a \cdot (b \times c)|^2\right].$$ Now, $B$ vanishes only if all three vectors are collinear so it cannot represent any geometrical volume. On the other hand, the dimensionality of $B$ eliminates the possibility of describing some area. Therefore, I conclude that $B$ does not represent any simple geometrical quantity.