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An imaginary, illlusory idea. A naive lie based on fantasy. Bullshit. A rather elaborated, but fantastic and hard to believe story, mostly used to fool someone or to cover up the truth. A make-believe lie.
You don't expect me to believe this hobgoblin stuff, do you?
Hobgoblin by Ewerton Baldez March 12, 2009

Nobgoblin 

(noun); 1. Similar to the Hobgoblin, but with a much larger amount of neebnobbers.
2. Can also refer to one who is unpleasant due to their multiple neebnobbers, often coinciding with a beanwanger
Example:

1. Spider-Man thought the Nobgoblin was even more vicious than the Hobgoblin due to his extreme amount of neebnobbers and large amount of buttwankage.

2. Carson Daly is a smug bastard and a Nobgoblin faggot. No actually he's just a faggot, not a Nobgoblin
Nobgoblin by Bonwanker4lyf September 12, 2009
A little person (midget or dwarf) with a facial deformity who enjoys performing oral sex on male genitalia.
Bro, last night I saw some hobgoblin blowing the shit out of your dad.
Hobgoblin by LongCock Von HugenDong December 28, 2008
Something Causing fear ;; a mischevious goblin
You instilled a hobgoblin in me I never knew of
When the ear is placed in contact with the butthole. The perpetrator plugs his or her nose and blows as hard as he or she can and ejects air and/or blood into the butthole.
Man, last night I saw this drunk guy hobgoblin someone! It was fucking nasty!
hobgoblin by halgaola September 26, 2007
Mrs. Salvador, my 4 year high school Italian teacher...
That damn hobgoblin just kicked me! What a bitch!
Hobgoblin by Brockman and Fedor September 6, 2003