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1.
"The sheep have been owned."


sheep - slang term for GC fanboy on Gamespot forums.
lolzorz Custom Robo flopped. TCHBO.
by Rafael Garcia September 01, 2004
 
2.
Stands for:
The Sheep Have Been Owned

The sheep being the fans of the Nintendo Gamecube video game console.
TSHBO because that Gamecube game didn't get any sales.
by Solid-Gamer July 24, 2004
 
3.
"The Sheep Have Been Owned"
LMAO beastiality LMAO TSHBO LMAO I'll be back you SW2 losers LMAO
by Black Mage January 10, 2005