Drinking very cheap - usually with little or no shame. Person doesn't necessarily have to drink Boone's Farm to be accused of the act of "Boone's Farming"
1. Did you see Reggie 'Boone's Farming' at the bar? He must be broke or depressed.
2. I'm going Boone's Farming tonight. I need to get drunk - quick
"last night Katie drink a bottle of Boone's Farm and went from up tight girl to trailer park chick in less then 15 min and then she hooked up with a nasty old german guy named Rich that smells funny ands going bald, and now she has a Boone's Farm baby and lives in a trailer."
a rather small penis. this refers to the small stub of pencil normally found in a betting shop or bookmakers, the shortened version of which is known as a bookie.