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@hugo7
It's an English children's term for when you want something and want to seal the deal quickly before actually confirming the details.
So here the idea would be that you post "dibs" so everyone else knows you're in there first. Then you follow up with a PM.
The problem often comes when people just go around saying "dibs" without following up with a PM, or then offering below the asking price, or just asking a million questions. None of which is a problem in themselves but kinda pointless, when you've just said you want the item infront of anyone else. Which is why lots of people say no dibs.
PM's are usually the safest.
edit - http://en.wikipedia.org/wiki/Dibs - says it better