Acronym, literally meaning "Broke Ass White Boy" or "Broke Ass White Bitch," usually referring to a caucasian individual who grew up in a stereotypical black neighborhood or a ghetto.
Gangster #1: Dat whitey's tryin' to be a P.I.M.P.
Gangster #2: Yuh but we knows dat he be nuttin' but a B.A.W.B.
Ganster #1: Fo' sheezy.
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