If $(a,\,b)$ is a solution, so are $(b,\,a)$, $(-a,\,-b)$ and $(-b,\,-a)$.
Also, $ab>0$, so we must have $a,\,b$ both positive or both negative.
Suppose that $(a,\,b)$ is a solution, with $a\ge b>0$, we see that
$a^4+(b^4+79)=48ab$
$\dfrac{a^4}{a}+\dfrac{(b^4+79)}{a}=\dfrac{48ab}{a}$
$a^3+\dfrac{(b^4+79)}{a}=48b$
$a^3+\dfrac{(b^4+79)}{a}\le 48a$
It follows that $a^3\le 48a$ or more simply $a^2\le 48$ and thus $|a|$ and $|b|$ are bounded by 6. Also, one must be even and the other odd. It follows quickly that the only solution are:
$(a,\,b)=(-4,\,-5),\,(-5,\,-4),\,(-1,\,-2),\,(-2,\,-1),\,(1,\,2),\,(2,\,1),\,(4,\,5),\,(5,\,4)$