Wumbo

A term taken from sponge bob season 3 episode one. Current meaning, the relaxed drinking of 40s or beer on Wednesdays with friends, generally on college campuses.

Dan "hey, its wednesday, the rugby team is wumboing outside the admissions building"
Luke "hell yeah! ill be there"
Dan "Awesome, we have a whole case of 40s, plenty to go around."