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billabong 

Yes, Billabong is an Australian surf brand stolen by Americans. the origin is sometimes referred to a river in Australia. The Americanized origin refers to the stereotypical pothead surfers. Urban myth is Billabong used to be Build-A-Bong but it soon changed.
Dude, that Billabong shirt is tight. Let's go smoke a bong while we're at it.
billabong by ModernxSwinger October 13, 2006

Billabong 

The best surf brand ever,no matter the price. And it also sponsers wikked surfers like Taj Burrow,Andy Irons and Tiago Pires.
Awmigawsh,Elyce you are a total Billabong junkie!
Billabong by Elyce May 15, 2004

billabong 

Prestigious aussie surf brand... adored by the teenage population... sells products at RIDICULOUS prices... but dumbass brainwashed kids buy them anyway to be 'cool'... pretty damn pathetic.
Ally: Hey, i just bought this hair-tye from Billabong for just $200! i look SO totally cool! (flicks her blonde hair)

Jess: (omg. what a total idiot!) uhhhh.. no comment.
billabong by grisella May 14, 2004

Billabong 

The price of weed in Australia.
How much does dope cost down under?

Not much, around a billabong.
Billabong by 4u B.Stew May 7, 2011

Billabong 

One of the funnest words in the world. On a level with quark and discombobulate.
Billabong. Billabong, Billabong, Billabong. I could say this for hours...
Billabong by Lady Chevalier March 23, 2005

Billabong 

australian slang

a small pond, or hole of water.
gawd daymmit mayt, im thirsty, lets rest at this billabong so we can cool our tinnies (cans of beer) down.
Billabong by matty July 5, 2005