Alot like the word Cuddle Buddy, but used as an alternative if you want to sound alot more of a sweet hearted motherfucker so the bitches love you :]
"Why are you cuddling Ang?"
me: "Because shes my Huggle Baby"
"uhm...dont you mean cuddle buddy?"
me: "No, cause im a sweet motherfucker so i say huggle baby, bitch."