A crazy boat. This can be a literal term meaning a fancy or outlandish boat or a figurative term to describe someone who is acting in a crazy or outlandish matter. Mostly used as a term of endearment.
(Literal) "Dude, did you hear about the Vikings players and their sexcapades on that mad bood? Crazy!"

(Figurative) "The guys at that party were mad bood."
by Jimmy Hoffa 1776 July 15, 2010

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