fatty deposits resembiling breasts (on a man)
Boobs, as in the two/three lumps of fat and nastiness with a nipple on top attached to the chest, on a man. Typically found on gentlemen of increasing age and weight, both of which wear wife-beaters and khaki pants too high on their waist.
"Hey mommy, that man has man-boobs!"
"I know sweetie, but it's not polite to point."