A 'Baenot' is a person who you previously referred to as 'bae'. So, if something happened to damage that relationship, you would from then on resort to referring to them as the 'baenot'.
This could also be a word used instead of sarcastically saying 'oh look, here comes the bae' ... 'not'. However, it is most commonly used to refer to an 'ex-bae'
Aaron: Oh look Regina, here comes the bae
Regina: OMG Aaron, don't you mean the Baenot? I haven't spoken to Cady since she frickin got me run over by a bus.
by Mililey Trescot-Stewart April 18, 2015
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When you and another person flirt, act cute, may have hooked up once or twice but both know it will never be more than that. Yet you enjoy the attention and flirtatious behavior.
Whats with you and samantha? you two seem to be flirting alot.

Oh her? Nah thats baenot we chillen.
by MattyNice September 17, 2015
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