Fathers are known to shower their daughters with gifts and pamper (oftentimes spoiling) them by giving them pet names such as 'angel' or 'princess.'
Essentially, a woman has the option to marry a husband or a hubby. The benefits of having a hubby is that a woman is able to have both a secondary father and a husband in one package.
When a woman brags about her 'hubby,' she is implying that she is a worthless being, and that her hubby is solely responsible for her family's well being.
The female equivalent for 'hubby' is wifey.
"My hubby bought me a _______ for our anniversary."
"I have to wait until my hubby comes back, so that I can use his credit card."
It should be noted that the words 'hubby' and 'daddy' can be interchangeable.
"Whatchu lookin at my hubby fo, you skank ho!"