Bo knows JUSTICE -- and that's why he doesn't want the crooks who jacked his football memorabilia from Auburn University to be locked up. Jackson wants PUBLIC SHAMING instead.
"I don't think they should serve jail time. They deserve public humiliation," Bo Jackson tells TMZ Sports.
Jackson is referring to the 3 men who cops suspect broke into the Jordan-Hare Stadium locker room last week and stole jerseys and helmets worn by BJ and Cam Newton. All 3 men have been arrested ... and, if convicted, Bo knows exactly how they should be punished.
"They should wear a sign -- front and back -- saying, 'I was caught stealing and this is my punishment. To all my peers, don't be as stupid as I was.'"
Bo adds, "These 3 individuals need to be placed in high traffic areas on campus every day for one month. 4 to 5 hour shifts. No talking. No Facebook. No Twitter. This will hurt them a lot more."
Jackson -- who's gearing up for his annual Bo Bikes Bama charity event on April 19th -- adds, "Parents aren't doing a good job parenting these days. Young kids feel entitled to do whatever they want."
"I was a disciplinarian, so my kids know right from wrong."