1. A person with radiance that comes only from within.
2. Or something you eat, wear or buy that is priceless.
Oh girlfriend, did you see the hottie? He is JUBILICIOUS! Glowin' all up in here, boy, you be JUBILICIOUS!
Give me some of that JUBLICIOUS clam chowder you make mom, please. Give it here, give it here! I need it, I want it, I love it!
A combination of the words "babe" and "delicious", where "babe" refers to a very attractive woman, and "delicious" refers to the fact that you'd be onto her like a lion onto a prairie dog if she gave you the slightest encouragement. Things that are babelicious include supermodels, certain singers/actresses (if you're thinking Britney or Madonna here go and wash your mind out with soap), any female gymnast/contortionist over the age of 18, and that chick I walked past on the street on my way into work this morning.
Person 1: Man, check out that babelicious chick over there. Talk about hot!
Person A: Dude, the chicks on the pron site that I was surfing last night were totally babelicious.
Person B: Send me the url, dude; I need a good pron fix.