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2.
Used as an adjective to describe something as awesome or awe-inspiring. Can also describe a small, cute, baby animal.
That Ferrari is baby lamb man.

Obama is so baby lamb.
by Toasty Chops September 25, 2008
 
1.
Street name for crack cocaine.
"Yo, gent, over here, I've got me a fresh shipment of baby lamb, the white fluffy stuff!"
by The Wool Farmer October 26, 2008
 
3.
A word that represents everything in life that is cool or sweet (as in awesome.) Often used as a simile. (That's like a baby lamb!) Can also denote power or depth, especialy when used with the word slaughterhouse.
Baaah I'm like a baby lamb led to the slaughterhouse.
by TheLambKing September 22, 2008