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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
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Hobosexual 

1) A person that engages in hobosex.
2) A hobo having sex.
1) Me and gregory were being hobosexual last night.
2) You're so hobosexual.
Hobosexual by EMRAT February 18, 2003

hobocamp 

A secret code word, used when the speaker wants to say, "Okay, stop now, you've gone far enough."
"How about I'll just do what it is I want to do, and when you'd like me to stop, you say the secret word."

"What's the secret word?"

"Hobocamp."
hobocamp by Lisa Simpson April 23, 2004

Robo Hobo 

the amazing person you wish you could be. It is fearless and takes care of Blue clay that grows under a hedge location: Iyr Likes: OJ in a can, Ninjas
Me and Robo Hobo are gonna see Arthur today.

Hobosexual 

One who is straight but otherwise has sexual intercourse with same-sex hobos.
Cody loves girls. (Cody: Yay girls! I like to sex them!) One day Cody meets a charming hobo man. (Cody: Yay hobo! I like to sex him!)<3 Cody is now a hobosexual. <3 The end.
Hobosexual by A. Kitchen Utensil November 7, 2006
A slang for a homeless person. It kind of reminds me of the slang "homeboy" or similar to "homo".
"Hey, go give that hobo some money, he could use it"

hoboALICIA 

when alicia in the 9th grade asks you for money
same as above
hoboALICIA by homoALICIA October 3, 2003