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1. To eat something in its entirety very quickly and eagerly. A noun or pronoun can be used between "gobble" and "up." Now that the baby is eating solid food, she just gobbles up anything we put in front of her.
2. To use or deplete something quickly and in its entirety. A noun or pronoun can be used between "gobble" and "up." Developers have gobbled up all of the least expensive homes in our neighborhood, unfortunately.
gobble someone or something up
to eat someone or something completely and rapidly. The wolf said that he was going to gobble the little girl up. The wolf wanted to gobble up the little pig.
gobble something up
to use up, buy up, or occupy all of something. The shoppers gobbled all the sale merchandise up in a few hours. They gobbled up everything.
To eat something completely and in haste: We gobbled up our meal and left for the theater. The babysitter grabbed the brownies and gobbled them up.