What is Boner Bill?
1.
Much like a 
When one adds a "B" and "R" to each side of the "ONE" on the back of a dollar bill. So it'll spell out the word, "BONER."
It is used commonly for the lulz.
Guy 1: "Oh shit, we are a little short on tip..."
Guy 2: "Don't look at me! This is my last boner bill!"
Guy 3: "Dude here," *Hands Guy 2 a sharpie* "Shut the fuck up and pitch in."
See 
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The moderately successful attempt to gain national recognition  by either beating the ever-loving tar out of one of your preselected fri.. 
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An album released by the band Butt Trumpet in 1994.  Also a song on the same album.  The song has strong overtones of buttsecks.
Lineup..