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It is similar to the popular phrase, no homo, in the sense that No HoBo is a defensive-response mechanism. This means that No HoBo can clear ones own slate of any susceptible homeless-like qualities that has previously been placed on trial before your respective peers.

Adequate Times To Utilize No HoBo:
1. When you asks for money, food, or in a rare case clothing.
2. When you bother a cashier at a place of business to supply you with an item for free.
3. When you abuse the kindness of others as a means to get by in life, while barely presenting (if presenting at all) an equivalent exchange.

Caution : USE WISELY AND SPARINGLY, "NO HOBO" CANNOT SAVE YOU EVERYTIME WITH EVERYBODY.
Guy: what up, man.
Guy 2: nothing much, just trying to get by. If i dont make this payment on my car, its gonna get repossessed. Then I won't have a way to work and get fired and lose my house and be out on the street and probably start sucking dick to get money...No Homo

Guy: yea i feel you, i feel you....you think i can borrow $117, No HoBo
Guy 2: Alright man i got you, just get it back to me before i hit the unemployment office
No HoBo by IllusTreyte June 25, 2010
Related Words
A phase used to tell Hobo's you disinterest in giving them; money, cigarettes, or drugs.
Blake and Robby were walking Downtown on Main Street by Barringer Bar, a hobo asked them for a cigarette, to which Blake replied "No Hobo" and nonchalantly walked off.

Can also be used to bum cigarettes from your friends, simply ask for the cigarette and then exclaim "No Hobo".
No Hobo by ElBorrachoBlake October 10, 2015
When you do something "Homeless" you gotta say "No Hobo" after doing it.
Hey Tommy, can i have half of your sandwich? No hobo of course.

Hey can you get me that orange by your foot? No hobo
No Hobo by Jaskade February 21, 2010
When you are doing something that would be often perceived as characteristic of a homeless person, interject the phrase "no hobo" to make it cool. Similar to "no homo."
Person 1: Can I have a quarter?
Person 2: Get a job bum
Person 1: No Hobo
Person 2: Aight bro
no hobo by Eamon Anderson August 6, 2008
it's a term mainly used after someone is acting poor-ish but isn't really poor. asking for money when they have some.
or asking for a ride when they have a car but doesn't want to use gas.
example 1: "HEY MAN, THINK I CAN GET A RIDE??, NO HOBO."

example 2: "HEY MAN U GOT ANY WEED I FORGOT MY SHIT AT HOME SO NO HOBO."

example 3: "DUDE BUY ME THESE HOT CHEETOS, NO HOBO."
no hobo by blazednshott August 25, 2010
A term spun off from the popularity of the term "no homo" used in hip hop culture, but instead is used when promoting drinking then is tacked on at the end of a phrase to dissuade being cheap about it. It is mainly used by the common working class, often on Fridays to stress that anyone invited should be in it to drink for the long haul. Anyone that is on a budget or is conscious of money spent is not welcome as they are a reminder of responsibility which of course can ruin the night.

It also applies to people who are so cheap, they only come out for free alcohol, this can be seen at company open bars, or even more often at art gallery openings. These people never get along well with the common drinking crowd since they only participate when it is financially convenient. This too becomes a reminder or responsibility that real alcoholics want no part of.

The term may also refers to the leeching factor some people have. For example, if there's 4 people drinking buying rounds for the table and the 4th person always leaves at the 3rd round. That person is classified as a hobo. "Hobomaximus" can be used if he didn't chip in for appetizers either.
ex 1. It was a stressful week, lets go down for a drink. No Hobo.

ex 2. My friends are screening their short film downtown, yeah, opening is tonight, bring your friends. No Hobo.

ex 3. Fuck Jimmy, I told you, "NO HOBO!", That motherfucker is hobomaximus!
no hobo by superjonbot March 4, 2010