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hobnob  (hobnobs 3rd person present) (hobnobbing present participle) (hobnobbed past tense & past participle )If you disapprove of the way in which someone is spending a lot of time with a group of people, especially rich and powerful people, you can say that he or she is hobnobbing with  them. 
INFORMAL  verb 
 (disapproval)  
This gave Bill an opportunity to hobnob with the company's president, board chairman, and leading executives.  V with n, Also V