The Collaborative International Dictionary of English v.0.48:

Gobble \Gob"ble\, v. t. [imp. & p. p. Gobbled; p. pr. & vb. n.
   Gobbling.] [Freq. of 2d gob.]
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   1. To swallow or eat greedily or hastily; to gulp.
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            Supper gobbled up in haste.           --Swift.
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   2. To utter (a sound) like a turkey cock.
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            He . . . gobbles out a note of self-approbation.
                                                  --Goldsmith.
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   To gobble up, to capture in a mass or in masses; to capture
      suddenly. [Slang]
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