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1.
Usually refering to someone girfriend or very close friend who is a female.

Can also be used when a text is recieved by your friend and can often refer to their mother.
(Text comes in)'Who is the cheekybabe?'
by BigBoi567 July 21, 2010
 
2.
A good looking girl of shaggable standard.
Or
Used in reference as a friend's cheekybabe e.g. girlfriend, bit on the side etc.
Did you check out that cheekybabe?
Or
How's the cheekybabe?
by Durnz July 21, 2010