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Honking the BoBo 

To get a blowjob.
Fellatio. Oral pleasure
After you left, that chick from the party was Honking the BoBo!

honkin' on bo-bo

To smoke a cigarette. Usually said with 'a' in there. It does not mean to jack off, it is to simply smoke a cigarette.
Person 1: Hey wanna go honk on some bobo's with me?
Person 2: Hell yeah, I'm wicked stressed.
honkin' on bo-bo by 434 September 13, 2005

honkin' on bo-bo

the phrase "honkin' on bo-bo" comes from the fagotino mythologist, Miguel Rina Aldo and means to stroke the pee pee for pleasure, which Miguel does so very frequently.
Hey Mikey, quit honkin' on bo-bo with JJ during work hours you f-n sick freak!!!