Abbreviation for Bohemian Bourgeois. People who were hippies in the sixties, grew out of that, got a computer, and a 70 hour work week but still wanted to be "kinda funky" and "see the world". so they wear long skirts, grow a skullet, buy veggies at the "market" and fill their homes with overpriced expensive crap from 3rd world countries. To get that 'exotic look'.
"Check the bobos and their giant african carvings!"
French: Short for bourgeois bohème. Describes Parisians who are both upscale and artistic. Similar to the original meaning of the American "hipster," but generally laced with a uniquely French"Je ne sais quois".
Il s'agit d'un magasin de bobo (This is a bobo shop).