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One's ability to differentiate between good and bad bud/weed. Newb smokers often suffer from this affliction and get ripped off.
"Yo bro, lend me some money and I'll get you some dank green, I promise"
-"Nah dude, I don't trust your budgment."
"Shiiiiit, my budgment is better than yours! Last week you bought some schwag just cus some dude told you it was good shit!"
budgment by the real Master X October 21, 2009

budgee smugler 

tight, revealing bathers resembling undies
budgee smugler by jane October 15, 2003

budgee smugler 

Speedo like dick togs that reveal the outlne of the male organs due to their tight fit.
For fuck sake, don't wear your budgee smuglers down on Bondi beach with those other gaylords.
budgee smugler by Dan January 27, 2005
someone who love to smoke bud and cant take his or her mind off of it.
danny is a fucking budfeen.
budfeen by andrew t is a pimp nigga September 5, 2007
Budgees (noun) - The excess fat on a woman's body that one loves to squeeze.
I love to squeeze those budgees of yours because it feels so squishy in my hands!
Budgees by busemenw October 1, 2011
(n). One who constantly complains that he is low on cash; a cheapskate, syn: freeloader, parasite, penny pincher, moocher.
Jack is such a budgee.
budgee by Dave Hultgren February 23, 2004