This word is common among people who are furries or have anthropomorphic (Human-like, i.e. ability to talk, have human expressions, etc.) fursonas or original characters.

Pawbs are, bluntly, a fond or adoring way of saying "paws".

Dog and cat paw pads can be very soft and squishy which many find to be endearing and cute.
Furry 1: I made a new babu!
Furry 2: Ooh show me!
Furry 3: Aww lookit those big ol' pawbs, he's so cute!
via giphy
by SealPupper July 05, 2018
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god damn all these pawb's really startin to piss me off but the worst one is the one wit the pissed on head
by Anonymous November 07, 2003
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