"Bochi-bochi", which has the same meaning as "botsu-botsu" in standard Japanese, is a way of vaguely stating things are neither going extremely well nor are they very bad. "So-so" is probably the closest phrase we have in English equivalent to "bochi-bochi". Japanese people prefer to be vague when it comes to talking about their private lives, especially when asked about their incomes or anything related to money. "Bochi-bochi" is the perfect way to gloss over the subject with a cloudy answer.
Osakans will also say "bochi-bochi kaero-ka" when they are about to take leave. This means "It's about time we went home." Similarly, "bochi-bochi iko-ka" means to do something at one's own pace and not exceed one's capabilities.
From: OSAKA DIALECT
Also means: Something happening steadily, as in water dripping.