The words' origin featured in the eastern suburbs of Sydney, Australia a few years ago. It was Originally used for when someone was wanting something thrown to them. For example, if someone was to be doing the Moonwalk the other would reply, "Shlobbing a Michael Jackson aye bro".
Meaning can also be
Give me
Doing
Throw Me
"Dont be a dickhead just Shlob me my phone"
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