Squabs are similiar to skills but are specifically picking up chicks and boardriding skills. Also can mean cojones or props if used in different context. For the record this term was coined by my cousin Jesse from nebraska when we were taggin' some waves in cali a couple summers ago.
"Dude check out Julio, that brah's got mad squabs."
or "Dude, I can't believe you tagged Natalie. Squabs bro."
or "You better have some serious squabs if you even wanna try surfing pipe."