A term of endearment usually given by a woman to her guy lover or friend who makes her feel secure and loved.
"When I'm lonely, I think about hugging my Billy Bear"
1) A luncheon meat that can be bought at Tescos'. It comes in the shape of a bears face and has eyes and a big smile.
2) To be silly.
1) Mum i'm hungry. I want Billy Bear in my sandwiches.
2) Its left not right you Billy Bear.