What is Quiubo?

spanish (mexico) combination of 'que' (what) and 'hubo' (verb 'haber' was) to mean 'what's up' or 'what happened'

Pepito: Hola Jose. (Hi Jose)
Jose: Quiubo? (Whats up?)
Pepito: Aqui 'nomas. (not much)

Quiubo - meme gif