The word used to describe a member or supporter of the Conservative Party. Along the same line as toff as it really is used as a derogatory way to insult rich or stuck-up people who care for nothing other themselves and their tendencies to shoot wild animals
'Hello, who are you?'
'My name is Jeffrey and I am a Tory'
'A tory, a member of the conserv..'
'Shut the fuck up Jeffrey!'