A petname used to annoy, humiliate and terrify your most loved mexican boys. It is could also be Llama-Llama-Bear, Lovely-Llama-Bear, or just ALlama-Bear. It is more effective if you say it in your flirtiest high pitched voice possible.
Callie: I love you my Llama-Bear!
Alam: I'm not your Llama-Bear you stupid pinche gringa!
Callie: See I told you, you love me!
Alam: Beesh! Ugh. I'm not even going to try.