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1. A slang term used in reference to a vagina
"that chick has got one loose ham wallet"
by Geoffrey Arkansas October 04, 2006
Slang term for a woman's vagina.
I slipped my purple headed bitch splitter in my girlfriend's ham wallet last night.
by merlinswish September 07, 2006
a womans pearly white gates or bear trap
that ham wallet smelled like rotten fish, she hadn't washed that gash out for days.TWAT
by tymm blith June 10, 2007