When a player hits the strip club and "Buffs A Ho" with his cash. May refer specifically to the act of dropping bills on a stripers ass, essentially buffing the area as it passes.
A large and aggressive stripper. Water buffahoes are known for sitting on laps without asking and delivering unwanted and possibly dangerous lap dances due to their size and strength.
I hope that water buffaho doesn't come over here. She would squash me like a bug.
"No water buffaho, i don't want a dance! I saw you dancing on my friend and i don't think he will walk right for a week."