The word derives from a cross of Dutch, and Latin descent.
A universal substitute word for; "good, dope, awesome, dank , sweet". The word describes a level of greatness for any individual noun.
Even more slang-
Yo Zach. Check out Jess, she lookin' skiboe as fuck today!
(Description of Alex's shoes)
Alex! Your shoes are damn right skiboe today my dude!