Persons who pretend to be smugglers of lace and valuable articles; these men borrow money of publicans by depositing these goods in their hands; they shortly decamp, and the publican discovers too late that he has been duped; and on opening the pretended treasure, he finds trifling articles of no value.
SMUG LAY
Meaning of SMUG LAY in English
Slang English vocab. Английский сленговый словарь. 2012