Boobin' is the word. And the word is boobin'. It means everything good especially with regards to consumption of alcohol and other foreign substances. It means to just be having a good day. It could be stand in for hitting a lot of shots in a row on the basketball court, or even performing a skateboarding/snowboarding trick especially cool. Since it is the verb form of a noun, the noun also comes in play for different variations of this multi-purposeful word. See examples below:
"I've been boobin' since i woke up man."
"I am the BOOBS right now!"
"I was totally boob'ed out last night bro..."
"I'm boobin' harder than Pamela Anderson."
"That's five in a row! I'm straight boobin'."