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1.
It is a reference to the chinese/japanese superstition: 'Kuwabara' literally means "mullberry field" in Japanese, and according to legend mulberry trees cannot be struck by lightning. Saying "Kuwabara, Kuwabara" is supposed to protect the speaker from lightning. In the game metal gear solid 3:snake eater, Volgin chants this on the bridge after the end of the virtous mission. and ironicaly enough he dies by a lightning bolt at the end of the game.
lightning crashes!!** little chinese kids run yelling, "kuwabara kuwabara"!!
by Rockwell13 July 14, 2006
 
2.
A chant said to protect yourself from being struck by lightning.
*in a rainstorm* "Kuwabara, Kuwabara...."
by Walter November 22, 2004
 
3.
Kuwabara is a character on Yu Yu Hakusho. He is always losing to Yusuke. He considered the "dumb and ugly" one, yet he has enough power to break through different dementions (discovered durning the Chapter Black saga). His main weapon is his Spirit Sword. He has an extreme love for kittens.
Man, you're stupider than Kuwabara is!
by Ritsuko December 05, 2004
 
4.
Originally a Japanese incantation--usually recited twice--to avoid being struck by lightening. Strictly speaking, it is chanted to ward off bad luck much like "knock on wood", but in common usage today, it is chanted simply to ward off any unlucky situation.
In the song "Kuwabara Kuwabara" by Dreams Come True, a girl is unexpectedly going to be visited by her parents and she hurries to get rid of all signs of the guy she is living with. (trans.)

"KUWABARA KUWABARA, I chant the spell
and erase the heavy thoughts from my mind
KUWABARA KUWABARA, I sweep away
his big shoes along with my cold sweat... Safe!"
by Onigiriman March 20, 2006
 
5.
The coolest character in the Yuu Yuu Hakusho universe ( I am talking about the japanese version, i.e. the good one...where Kuwabara isn't an idiot, and where the names aren't horribly mispronounced. ITS I-TSU-KI, NOT IT-SU-KI!!!!!!!)Anyway..., he's a friend of Yuusuke Urameshi, and his rival. He has the power to make his rei-ki form a sword,that, later in the series and when he is stressed, is sharp enough to cut between differnt space-times
Whoa!...Kuwabara is freakin cool!
by Sensui December 16, 2004
 
6.
Japanese - the sound ghosts make when they're trying to be spooky
The ghost says "Kuwabara kuwabara."
by Scooter October 15, 2004