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Diamonds. Usually used in conjunction with "bling" meaning diamonds AND gold. Recently appeared in an article in The Miami News, an alternative newspaper in Miami, in a story involving political corruption. Showed up in police transcripts of someone wearing a wire. The actual police report was on the site, and the police were the ones who provided the definition as an aside in the police report.
How do you think I got all this obling-bling?
obling by Chplhill August 28, 2005
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Natural Obligation 

A euphemism reffering to sexual intercourse, according to a Ugandan news host.
"Do you perform the natural obligation?"

oblong schlong 

Just like the name implies, a cock that's oblong. It is thick at the tip, from which the shaft tapers to the base, much like a Louisville Slugger.
"I watched a video of this hot bitch brushing her teeth, in the nude, which was great until the camera panned down to show the he/she's oblong schlong whirling around like a propeller. The horror! The horror!"

ObligaNigga 

To be the token black person in a group. The only black person on a television program, or a commercial. Being the lone black people in a sea of non-minorities. To be the only black student in a class of "gifted" students.

Also see Token}
White guy: Hey Tyrone, you going out with us tonight?

Tyrone: No, not tonight. I do not want to be the obliganigga
ObligaNigga by DuCamValDen February 13, 2013

Olinguito 

Something hiding in plain sight (the olinguito is a mammal that was misidentified as an olingo for over 100 years, even though it was in museums and zoos around the world)
With a baseball cap, shades, and 5 o’oclock shadow, he could easily olinguito around the old neighborhood.

Shit, I didn’t even see her standing there. She went all olinguito on me!
Olinguito by rozi August 21, 2013

Offended Out Of Obligation 

When someone says something that may be considered policatically incorrect and you put on a front that you are offended so that outsdiers think you are a good person, when deep down you think it is funny as shit!
Greg: What is the difference between a black man and a pizza?

Oliver: Huh?

Greg: A pizza can feed a family of four! LOLOLOLOLOLOLO

Oliver: Dude you are racist...that is uncool and offensive to African Americans and the general public!

Greg: Dude....you are just Offended Out Of Obligation.....or OO'd

Oliver: Untruth! Bye!

Oliver: (moments later in private room) OMFG!!!! LMFAO!!!! LOLOLOLOLOLOL.....BLACK GUY AND PIZZA HAHAHAHAHA!

Oiling the wood 

To masteurbate using oil as a lubricant
last night I got out the baby oil and spent the night oiling the wood
Oiling the wood by the_wrangler February 21, 2009