(Melbourne Australia Shaolin context)
wannabe black tryhard kids on the streets of down under. Usually from middle class upbringings. It's not the fact that they wear FUBU, but rather the manner in which they wear it.
(n) Hiphop clothing company founded in 1992. FUBU is an acronym for "For Us, By Us", referring to the founders purpose: clothes designed by African-Americans for African-Americans. Many items from the clothing line display the number "05", which stands for the five childhood friends from Queens who founded the company. In an interview with HarlemLive, Carl Brown and Keith Perrin of FUBU state: "There were five of us all out of Queens, we grew up together as friends and remained friends. With $5,000 seed money we were able to start our business." In 1999 FUBU reported an annual turnover of about $350 million. "Under the FUBU is a guru" -- Common (The 6th Sense 2000)
fubu and fubar were US Army slang dating back to at least WWII. Fubu was short for fucked up beyond understanding and fubar was short for fucked up beyond all recognition. There were other acronyms also, but I don't remember them. It is hysterically funny to us "old" folks to see the young kids wearing shirts that have FUBU on them. Yeah, you're so cool...