It's a term that's adopted from video gaming leet 1337 speech, TCHBO - The Cows have been owned, "cows" referred to Sony PlayStation fans, TLHBO - Lemmings are Microsoft, and TSHBO - Sheep are Nintendo.
This hotly contested political season has the Republican right secretly trolling the internet message boards, blogs, and news web sites with smear propaganda to swift boat this year's Democratic nominee.
The youth counter demonstration to this has been enacted. Democrats are winning house and senate seats away from Republicans and their presidential nominee is leading the polls for President.
TRHBO - The Republicans have been owned
TRHBFR - The Republicans have been fucking raped