DIBS is an acronym for Dick Intergrated Ball Syndrome/Sack. It is a common occurance for persons of a certain decendancy or of slight obestity. A person has DIBS when their penis is so small there scrotum overpowers it and is more prominent.
Basically their penis is very small however their scrotum is very large.
After gym class when a lad has encountered a bit of gitch they go to have a shower and remove their underwear. To the other class mates shock they see an overly large ball sack (scrotum) and find it hard to see his penis. They then exclaim 'wow, he's got DIBS!!!'
Used to declare to one's bros that they need to back off the girl during the time that you will try to win her over; if you face rejection your dibs expires and immediately goes to the next person to call it
Cannot be used unless the female is seen in person.
The act of calling upon an object as your own How To Do It: If you find an object and their is no present owner then thou can call dibs and it shall be theirs
Out ruling: if someones name is on it the that falls into the finders keepers rule