It's an acronym for "Beer, bud and bounce".
It's when you go to a party, you grab the beer, you grab the bud and you 'bounce' (as in to leave the party!).
It can also mean "Beer, Bud, Bitches" but that's mostly for guys.
A: Maia: "Yeo did you hear about the party tonight? We out!"
Gaby: "Let's BBB"
B: Rafael: "Are you going to the party tonight?"
Milos: "Obviously, there's gonna be BBB".
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