Yes, that really is its name
We have to confess the name is why we stopped to look at the LG homeBoy. Perhaps offering more hilarity in the west than LG's native Korea, the device itself is basically a large Bluetooth entertainment system for the LG G Pad 8.3. You dock and connect the tablet, then all sound from apps or music comes out through the actually pretty good sounding speakers on your homeBoy.
You can also connect your homeBoy to your TV and use it to mirror content to the screen while still retaining the sound through the devices speakers. It looks pretty good, has NFC and is personally tuned by a chap called Mark Levinson. But you'll still have to go into a store and ask if you can buy yourself a homeBoy. Thanks, LG!