Short for faux ho-bo it is the style where it takes 5 hours and 400 dollars worth of clothes and accessories to look like you're poor and just rolled out of bed.
Someone who has the appearance of a hobo, but on closer inspection exhibits something that disproves the theory. i.e., expensive clothes, cleanliness, manicure...
1:OMG look at the guy on the corner! Let's give him some money!!
2:Look at his jacket, it's totally Armani! That guy is a faux-bo.
a faux bo is a hobo (homeless person) who doesnt look like a hobo.
faux bo's might have certain possesions that make you wonder if they are actually hobos.