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1) A phrase used to quickly acknowledge to those around you the fact that you would have sexual relations with a person you may see in passing.
2) Can also be used to acknowledge the attractiveness of someone of the same sex as long as it is first established to be in a non homosexual way. "No Homo"
3) Can be used to show one's excitement for a given situation. Doesn't have to be a sexual situation
1. "Dude see that blonde over there?"

"Would bone"
2."Not gonna lie Tim is a good looking dude. Would bone"

3. "How excited would you be if the Cubs won the World Series?"

"Would bone."
by Risky Buscuit December 03, 2015
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