A hybrid of 'Spazzy' and 'ASBO' (anti social behaviour order) to refer to an action or behaviour that should be reprimanded for being idiotic (spazzy like). In certain office enviroments people are writing SPAZBO on post it's and sticking it to peoples head.
Richie you absolute tool, you have managed to fuck up that marketing campaign again. come here, you are formally being issued with a SPAZBO. (stick post it on forehead)!