Gubs

Gubs is a gaming term that refers to any dropped loot in games such as Borderlands or Destiny. This can include use-able weapons, in-game currency, armor, or even useless crap that you'll just sell to a vendor (if applicable), or just discard entirely.

"Man, i got some shitty gubs from that boss fight!"

"Did you get any good gubs? all i got was a dumb under-leveled shotgun i'll just get rid of."

"Try not to die in this level, the enemies are supposed to drop some really good gubs!"