Vrb phrs. To dismiss, to sack. A pun on the 'Spanish archer' being called El Bow, thus 'give someone the elbow' (dismiss someone). E.g."I found out she was having it away with the milkman, so I gave her the old spanish archer."
GIVE SOMEONE THE SPANISH ARCHER
Meaning of GIVE SOMEONE THE SPANISH ARCHER in English
Slang English vocab. Английский сленговый словарь. 2012