A combination of Lube and Loogie. To use your spit, or "loogie," to lube up the anus of a girl you are about to anally penetrate.
"I ran out of K.Y. so I had to use a loobie on theat shit!"
by Bryon with an O March 06, 2007
19th Century slang for a 'silly fellow'.
"Thus while I tell the truth about loobies, my reader's imagination need not be entirely excluded from an occupation with lords." George Eliot, from Middlemarch, Book IV, Chapter 35
by malcolio November 08, 2006
The combination of the words "lube" and "boobie" AKA - Lubed up boobies. Perfect for boob sex.
by HOLMOS November 20, 2010
A loobie is a poor skiier. Usually skis very rarely, coming up for major holidays, or week-long vacations. Generally disliked by more hard-core skiiers for clogging up the mountain.
Rich texans who go to Colorado during Christmas vacation are loobies
by borees July 03, 2005