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The sexual and emotionally involved act of tugging on one's nipple hair while orally sucking on the same person's facial hair, usually the goatee area.

Can also be used as slang for when one is amazed, often used interchangeably with phrases such as "holy sh*t!"
I would love it if you holy bolby'd me tonight.

That is a huge man beard, holy bolby!
by RHCPFTW July 12, 2017
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