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1.
1. Mixture of Grey Goose vodka and Malibu rum named by Kanye West in "Monster."

2. Exclamation of victory or triumph used for virtually any situation.
1. this that goose an’ malibu I call it Malibooya
God damn Yeezy How I hit em with the new style
know that muthaf-cker well, what you gon do now
whatever ever I wanna do, gosh its cool now

2. Dude #1: Bro, how'd that date go with that psycho azz chic with the bangin' body?

Dude #2: MALIBOOYA!! I hit it and quit it..that bitch is crazy yo!
by Yeezy F. Babe-E December 20, 2010