A lifestyle and/or state of being in which a person's lowly economicalstanding in society is both celebrated and embraced.
Nick had been out of work for nearly a year, but not by choice. Not letting that discourage him, he scrapped, food-stamped, hustled and did what he had to do. Nick was certainly living the BumLife.
A Wife who doesn't work, cook, clean, suck or performanything of real importance for herself or her Husband.
"My Wife does nothing all day while I work, and then yells at me for no reason. I cook her dinner and I jerk off to her mom; I think what I have is a Bum Wife." ~ Stupid Man