Found between the legs of obese women. Consists mostly of sweat and foul discharge which have been "churned" between her thighs. Used mainly in reference to oral sex.
One redneck to another: "The old lady let me get some of that hogbutter last night."
It comes from the HiroshimaJapanese word "habuteru", which has the same meaning.
Kawika: I nevah meant fo da kine to happen. No be so habut. (I never meant for that to happen. Don't be so grumpy.)
Jerry: You tink I habut? You likescrap?! (You think I'm grumpy? Do you want to fight?!)
Kawika: See? You habut!