Green’s Dictionary of Slang

sheba n.

[the Queen of Sheba]

1. (US) an attractive, fashionable woman.

[US]T.A. Dorgan in Zwilling TAD Lex. (1993) 35: If dat homely lookin 8 ball takes me sheba to de flex’ dance ah’ll carve ma initials so deep on him you can read ’em from front or back as Pink Marsh said.
[US]R. Fisher Walls Of Jericho 297: He who escorts a homely sheba to a dickty shout brings mud.
[US]J.L. Kuethe ‘Johns Hopkins Jargon’ in AS VII:5 336: sheba—a ‘vamp’; a girl.
[US](con. 1920) F.M. Davis Livin’ the Blues 48: A boy was a ‘sheik,’ and a girl was a ‘sheba’.

2. (US gay) a homosexual black man [play on queen n.].

[US]B. Rodgers Queens’ Vernacular 63: black man [...] Sheba.