1)the act of snatching or stealing the only object of a hobo (a homeless person).
2)the act of a hobo snatching something of yours and claiming it as their own.
person a: hahah look it's a hobo!!
person b: let's hobo snatch his blanket...
person a: okay!
*person steals hobo's blanket*
(the hobo now owns zero possesions)
*person holding onto a can of soup and walking by a hobo*
*hobo steals the can of soup*
person: hey!! dude, that's mine!!
hobo: umm.. no..this is MINE!!!
person: you can't just hobo snatch me, jerk!!