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2.
1) The worst of two bad choices, though only slightly. 2) An alternative that is worse than the current, distasteful situation.
Bob: "I just got ugly Bertha to agree to go on a date."
Dave: "Great! That's better than a hobo blowjob."
Bob: "I guess so..."

"You can either stay here and watch this chick flick with me or go get a hobo blowjob."
by happyjacks June 13, 2012
 
1.
The act of receiving oral sex from an individual that wears a paper bag over their head due to their hideously ugly face. Very satisfying as long as the hole is properly cut into the paper bag. Failure to properly cut the hole could result in painful paper cuts.
Mr. Wallet gives a mean hobo blowjob.
by T.J. Duckett April 11, 2006