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1.
1. A typo for BIG hug

2. A hug in which a person hugs you for long and can even include picking you up.

3. When a bug hugs you.
Some examples...

1. "I like to give bug hugs"

2. "I want a bug hug from you"

3. "That bug hugged me..."
by LizIsYourBFF May 02, 2011
 
2.
A transatlantic hug between friends with limited English skills.
Bug Hug!
by hypnomatt August 14, 2009