Adding unnecessary style flurishes to skilled activities, often beyond ones skill level, increasing the risk, and usually used to taunt or impress others.
That skateboarder was showboating to impress that girl when he broke his ankle.
A man or woman that takes joy In fucking in public places, usually in plain site. You'll most often see the Memphis Showboat in public parks, Jack Pirtle's Chicken parking lots, or Picadilley Cafeteria buffet lines.