Adjective. Combines the words "drool" and "delicious". Denotes someone who is so hot and/or sexy that they are considered to be "mouth watering".
watching "Wayne's World" on SNL where Mike Meyer's character used the word "babelicious" repeatedly.
I hated Transformers, but I watched
it anyway 'coz of Megan Fox. Dude, she's droolicious.
is an ass, but he's droolicious, so he can get away with it.