1. A back-pocket 2. Another word for a fanny-pack 3. An insult...one of those kind of funny ones that no-one can really get mad at. Basically we here, reserve this insult for Kent Smith. To call some one an ass-purse, they must be worse then a shit-bag.
"Hey, your wallet was stolen out of your ass purse"

"That ass-purse makes you look like such a tourist"

"Kent Smith is such an asspurse"
"You're no shit-bag, you're an asspurse"
"Not even Napoleon Dynamite or Mariah Carey are good enough to be called ass-purses."
by Justin Spiewak and Ryan Smith January 25, 2006

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×