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Just a cooler way to say BTW so that you don't look like that nerd using all the lame acronyms. If you used BTW before then you can change and instantly regain respect. True story.
You: Stephen, I got this new----Oh BTDubbs I made brownies!

Stephen: Uh Gheyyyy
Related Words
definiteion: by the way.

Original saying from the coolest man alive: Bryan with a Y.
Oh btdubbs, your dog just pooped all over the floor. You should prolly clean that up.
btdubbs by BJK May 6, 2004
Want some wings? Let's go to bdubbs and get some of those yummy caribbean jerk wings.
bdubbs by MeliMel060 November 18, 2010
A spoken slang for BTW, meaning "by the way", which originated on the internet. Rather than say "bee-tee-double-u" out loud, people began saying "bee-tee-dubs", which became "btdubs" when translated back to the internet.
"What did you do Sunday night?"
"I studied. BTdubs, I picked up your book."
btdubs by Wolf with Dances April 16, 2006

BT-Dubbs 

Like by the way is btw. Double You gets abbreviated to dubbs.
Girl: "Lets Bang right now"
Guy: "Sweet! BT-Dubbs, I have gonorrhea"
Pronounced "bee tee DUBS", a spoken form of the acronym btw which stands for "by the way."

It makes little sense, as the term itself has as many syllables as the phrase it's meant to abbreviate. Accordingly, it's degenerated into a cutesy term used mostly by girls. It has also been used in the gay community as a candid way of letting others know you are a bottom.
Jason: That's a very cute outfit you're wearing, btdubs.
Bruce: Great, I'm a top. See you at my place at 9?
btdubs by Courthead July 15, 2009