Hobbitefeet is a word to describe someone with small feet. It is a combination of the word hobbit, petite, and feet. The word hobbit because they are know for having unusually big feet but it is combined with petite which is french meaning small. Then feet added to the end because a) it is about feet and b) it sounds really good.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.