A Chicago term used to identify a friend or an unidentified person.
What iz u lookin at Lil Buddy.
What's good Lil Buddy.
by Devon Thomas November 26, 2006
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It's a girl that's always wanted by your side

"Aye lil buddy u ready to go to the store. "
"Aye lil buddy let's go to tha stow."
by Frank White5 February 14, 2017
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A little redneck guy who is the direct result of in-breeding.
On his way to the tavern yesterday lil' buddy fell off his horse and broke his ass bone.
by Rayne 2007 April 29, 2007
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