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"Foobies" is a contraction of "fake boobies".

The 'F' from 'fake' is taken and replaces the 'B' of 'boobies', resulting in: 'Foobies'.
Damn, check out the set of foobies on that doll.
Foobies by BDKGIGN August 4, 2005
An evil toy that used to be popular in the 90's i had about 8 of them. i used to put them in the dark so they would fall asleep and shut up. when they malfunctioned they would make a really annoying sound that wouldnt go away unless you smashed it against the floor
furbies are the devil
Furbies by Holly Matronic May 3, 2007
(noun; plural)

1. "Fake" or artificially enlarged breasts.

2. The opposite of "troobies," or real breasts.
Check out the ridiculous foobies on that stripper!

Take a peek at the foobies that old man bought his trophy wife.
foobies by Luke Hibbs October 8, 2008

Burning Furbies 

The act of hiding from class or the world by smoking crack, usually for an extended period of time.
Marco: Why isnt Lottie here tonight?
Bre: Shes probably off burning furbies!
Burning Furbies by hpy February 4, 2010
when a young woman uses the fat that has accumulated on her chest to give the allusion that she in fact has breasts.
F (for fat) oobies (oobies for boobies) = FOOBIES.
yo...see my brother's girlfriend...she got foobies
foobies by svetla November 9, 2006
When a fat chick has amble boobies due to her being overweight.
If she wasn't so fat she wouldn't have such large foobies. She'd have small boobies...
Foobies by FredAstair August 23, 2016