lube (lōōb) tr.v.
lubed, lub·ing, lubes To lubricate (a car's joints, for example). n. A lubricant, especially one applied to machinery: silicone lube.
[Shortening and alteration of lubricant and lubricate.]
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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[loob] 
noun, verb, lubed, lub⋅ing.