To give an aggressive and extra wet blow job.
"Gotta give a dick a good schlob."
"Stop schlobbing on my cock! Leave me alone!"
To nibble up and down the length of a shaft with one's front teeth. Like one would a cob of corn.
"They started cobbing my wiener! I was confused but then I got kinda into it."
"She cobbed my dick, dude. I don't think I'll ever recover."