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1.
Adjective. Combines the words "drool" and "delicious". Denotes someone who is so hot and/or sexy that they are considered to be "mouth watering".

Inspired after watching "Wayne's World" on SNL where Mike Meyer's character used the word "babelicious" repeatedly.
I hated Transformers, but I watched it anyway 'coz of Megan Fox. Dude, she's droolicious.

Tony is an ass, but he's droolicious, so he can get away with it.
by Inneresting February 28, 2009
 
2.
Something that looks so delicious you start drooling before you know what it tastes like.
Nigel Slaters food looks and sounds droolicious.
by kaje February 15, 2013