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!"
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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."
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