n. & v. Brit. sl.
n. 1 a man who lives off a prostitute's earnings; a pimp. 2 offens. a homosexual; an effeminate man.
v.intr. act as a ponce. ponce about move about effeminately or ineffectually. poncey adj. (also poncy) (in sense 2 of n.).
[ perh. f. POUNCE(1) ]