There are many theories about hobo afterlife but the most popular rendition involves hobo valkyries escorting the deceased to hobo valhalla, in which they ride the rails all day and spin captivating yarns in good hobo company all night. There is always a trash can fire burning, plenty of beans to go round, and they never run out of lint (see Hodgman's Almanac for more information).
Prepare to meet thy hobo maker.