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1.
abbreviation of 'placebo' - used almost exclusively in reference to the band.
"Oi Kate, have you still got that 'cebo album I lent you?"
by hoz February 08, 2004
 
2.
1. Fish bate, made of fish meat or plastic.

2. Mexican slang used of the meaning of Fat.
¡Me puedes pasar esse CEBO?

''Can u pass me the fish bate?''
or

''Nombre vato, eres un cebo.''

''Man ur FAT!''
by Del Sol Racer June 05, 2009