A term used for a person's significant other. Hoebagel is usually a males nickname, and the female counter part would be his slutmuffin. Both are a very good match behind closed doors, and really anywhere with enough space to receive pleasure. Not always a term of sexual meaning, but can also be used as a sign of affection and love.
Guy: I love you slutmuffin.
Girl: I love you too hoebagel.