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'babe' is used in at least two ways to describe girls/women; individually, as a personal term of endearment,
"Sure babe, you can watch some TV now."
or as a description of a group of "hot" ladies.
"Whoa, what a bunch of babes!"
I've heard 'babe' used often for men, as a personal term of endearment by their partner or good friend but generally, I'd that that it isn't used for men.