Definitions for hobnobˈhɒbˌnɒb
Random House Webster's College Dictionary
to associate on very friendly terms:
to hobnob with royalty.
Origin of hobnob:
1595–1605; from the phrase hab or nab lit., have or have not
rub elbows with
"He hobnobs with the best of society"
An informal chat.
The three friends had a hobnob outside the bar.
To associate in a friendly manner with. Generally has a connotation of associating with people of a higher class or status.
To drink together.
Origin: (1595–1605) From habban and nabban, thus “have or have not”.
have or have not; -- a familiar invitation to reciprocal drinking
at random; hit or miss. (Obs.)
to drink familiarly (with another)
to associate familiarly; to be on intimate terms
familiar, social intercourse