He who pays the reckoning, or answers for the rest of thecompany: as, Will you stand godfather, and we will take care of the brat; i.e. repay you another time. Jurymen are also called godfathers, because they name the crime the prisoner before them has been guilty of, whether felony, petit larceny, &c.
GODFATHER
Meaning of GODFATHER in English
Slang English vocab. Английский сленговый словарь. 2012