a mix of "handles" and "cobra" originated from a forum user typing "my car handles better than a cobra" and instead skipping over and getting "my car handlobraes better than a c"
1 : to handle and break a vehicle.
2 : the handlebars of a bicycle
3 : HAHA!!! I'M HANDLOBRAESING!!!1
4 : to act on or perform a required function with regard to