it means "Ali kill him!". At the Rumble in the Jungle in 1974, when Muhammad Ali fought George Foreman, the crowd was pro Ali, so they were shouting "Ali boma ye" (boma = kill; ye= him) but today many English speakers misspell it as bumaye or bomaye. However, it's not one word, it's indeed two words.
Ohhhell no. He's gone to far this time... Ali Bomaye!
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).
Precedes or follows either a gratuitously disrespectful or honest remark, originated in New York City. Used in similar fashion to "no offense" or "to be honest," interchangeably.
Ya mans is wild buns, respectfully. Respectfully he's washed.
After school, The Modells on Jamaica Ave was active. Respectfully.