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A combination of the words bonkers (as in crazy or unbelievable) and delicious. Makes the most sense in a food related setting, but can be used in an ironic way to describe anything positively.
Wow, this food is so bonkerlicious I could die.
Skibidi edging is totally bonkerlicious, bro.
A word used to describe something so crazy and unprobable, or something that requires a lot of skill and elates you.
Wowzers, I've just hit 200M subscribers on YouTube. That's bonkerlicious! I think my pants need a deep cleaning after that one.