The state in which a man does not have a full erection, but his penis is slightly harder than the norm. In this state, it is easy for the penis to become fully erect as a result of things that would not normally cause a boner, such as walking.
"Yo man, get your ass out of bed."
"Can't. I'm in boner limbo."
An annoying, pretentious, condescending way of saying "obviously". Used primarily in contexts where the subject in question is not actually obvious. Pronounced, essentially, by faking a cough before saying "obviously".
"Did you hear that 'Avatar' beat 'Titanic' for biggest gross in the international box office?"
"Cobviously! 'Titanic' only made $1.242 billion!"