Noun: USMC slang for liberty, which is any time you have off of duty or away from work.
DUDE: Where you going on libbo man?

HOMIE: I'm picking up ole rottencrotch and headin to TJ Dude.

DUDE: Cool beans man, can me and the skank catch a ride?

HOMIE: Sure Dude, but you're buying the gas.

DUDE: Not a problem.
by old balls December 27, 2007
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Can be anyone by the name of "Libby" or someone who has poofy hair. Both is preferable.

It is not an alternate word for lesbo.
by Libby Bush July 19, 2006
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A common subsitute for the word nigga usually used by white people to greet each other or instead of nigga in a song.

The word our is used before it even if its singular
Ayy waddup our libbo how you doing?

"On a young libbo's phone, Sheck Wes "
by Libbokiddo October 16, 2019
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Phrase said among the U.S. NAVY and U.S. MARINES personnel to remind others or oneself that “Libbo” slang for Liberty (authorized permission to go out without using leave) is soon too come.
Corpsman: “Doing these inventories f**king suck!”
Battalion Aids Station: “Tell me about it, least it’s Almost Libbo”
Bluefalcon: “Hey gents, I put you two down for duty this weekend”
by The MRE no one wants August 24, 2023
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