What does BBIAB mean? (Internet slang)

What is Internet Slang?
Internet slang (Internet shorthand, Cyber-slang, netspeak, or chatspeak) refers to a variety of slang languages used by different people on the Internet.
There are various types of internet slang including letter homophones (u r gd), punctuation (!?), capitalization (STOP!), onomatopoeic (hahaha) and emoticons (=]).
Why Internet Slang are Used?
Internet slang are created for typing long sentence or words in less time Internet slang are commonly used in chat, Internet, social sites,  websites that have online communitys such as forum boards or community irc lines. Such words often containe 3 letter, (a common patern noticed)
The Meaning of BBIAB in Internet Slang
BBIAB means "Be back in a bit"
So now you know - BBIAB means "Be back in a bit"