A kobold is a common creature, most known from the popular game "World of Warcraft". A kobold steamer is a reference to the furry mane of a kobold combined with a steaming hot deuce. The two combine to form a furry "lubricant" causing pleasure for both the male and the female, making this a very pleasurable maneuver.

(noun) A successful type of theft which results in an acceptable, impressive and rewarding payday for the protagonist.