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1.
A women over 40 who is down with the trends, witty, and has a great tan and tight body. Has a confident and special walk about her. Both girls and guys usually turn their heads to see a Malibu Barbie.

Typically has blond hair, is flirtatious, and has clothes made to order that are shipped to her office instead of her home.

Las Vegas is a typical destination for a Malibu Barbie.
"That Candace is my Malibu Barbie."
"You got to love that Malibu Barbie."
"Wow, this place is full of Malibu Barbie's."
by Anonymous People July 27, 2006
18 20
 
2.
A euphemism plumbers use for a used tampon that is discovered in the plumbing. A common cause for toilets becoming backed up.
Joe found a malibu barbie in his clients toilet, those things really do help his business.
by Panoramic Scoop September 14, 2010
2 6