A derogatory name used when referring a person of middle eastern descent, esp. when you do not know their real names, or if they piss you off.
Damn Habib, learn how to fuckin' drive.
Man,them Habibs be trippin up in Diamond Shamrock and shit!
Some people also say Osama, The Taliban(when referring to several people), Apu (as in from the Simpons), Mohammed (or any other common Muslim name).