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1.
Eating a ridiculas amount of food with your mouth open, enjoying it greatly.
"Hey Ollie Moore"
"Yeah"
"what you doin'?"
"About to Slob Out"
by Little Roberto December 11, 2008
 
2.
behave like a slob, spend a period of time in complete idleness
I'll just slob out and watch tv while I wait for you
by elviraX January 19, 2013