A whore's "pet name" for a boyfriend. The reasoning behind it is because "bubby" is another name for binky and if a female is calling a male there "binky" there is only one part in a male's body that will go in their mouth just to shut them up. That's right his penis.
Girl: "Hey baby, why don't you come up to bed now?"
Guy: "Not now honey I gotta finish up my work."
Girl: "Please, Bubby" (;
Guy: "Oh, okay then I'll be right up" (;
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