An acronym for Fresh Off the Boat. This term is most commonly used to describe asian people who seem to have recently immigrated to the US. Many think that it is degrating and should be considered a racial slur, but most people who use it don't wish to use it offensively.
Jacob: Hey, have you seen Ping Bo around?"
Dave: Who's that?
Jacob: You know, that fob kid in our english class.
Dave: Oh yah. He's in the courtyard.
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