1) Noun: The term used for small people (generally adult dwarfs) who's eyes meet the breasts of a woman. In other words, when a man's eyes are perpendicular to a woman's nipples - which, when erect, could result in blindness.
2) Noun: The term used for the binoculars that a peeping tom uses for the activity of looking at a woman's breasts from afar.
1) She was so tall against me it was like I was wearing a pair of booboculars!
2) I looked across the road and saw a man in the bush with a pair of booboculars in his hands!