A description for something totally second-rate. In actuality, it is more than second-rate, it is the lowest on the totem pole. Utterly and completely ghet-to.
The word Bobo is best said by a southerner or someone with a country accent, as yankees don't do the word justice.
"Man, that is a bobo airline! They make me pay for drinks!"
"That is such a bobo movie."
Also can be used to describe a woman who does this dance.
That b is such a bobo, f'sho.