A term spun off from the popularity of the term "no homo" used in hip hop culture, but instead is used when promoting drinking then is tacked on at the end of a phrase to dissuade being cheap about it. It is mainly used by the
common working class, often on Fridays to
stress that anyone invited should be in it to drink for the long haul. Anyone that is on a budget or is conscious of
money spent is not welcome as they are a reminder of responsibility which of course can ruin the night.
It also applies to people who are so cheap, they only come out for free
alcohol, this can be seen at company open bars, or even more often at art gallery openings. These people never get along well with the
common drinking crowd since they only participate when it is financially convenient. This too becomes a reminder or responsibility that real alcoholics want no part of.
The term may also refers to the leeching factor some people have. For example, if there's
4 people drinking buying rounds for the
table and the 4th person always leaves at the 3rd round. That person is classified as a hobo. "Hobomaximus" can be used if he didn't chip in for appetizers either.
ex 1. It was a stressful week, lets go down for a drink. No Hobo.
ex 2. My
friends are screening their short film downtown, yeah, opening is tonight, bring your
friends. No Hobo.
ex 3. Fuck Jimmy, I told you, "NO HOBO!", That
motherfucker is hobomaximus!