term given to a hot chick (usually at a club) it is translated into Fire Bomb which is the code name used for a hot girl the opposite of Fuego Bomb is Atomic Bomb which is aka the grenade (any ugly, unattractive or fat chick to say the least)
Norberto: yo Greg check it out (points at Fuego Bomb)
Greg: yeee I saw that
Norberto: Fuego Bomb!!