Noun - Having a very large, very high ass. Refers to the placement of the pockets on pants in relation to the neck.
High pokets there puts his wallet in his pants over his shoulder.
Someone who is really cheap, and therefore can't seem to reach into his pockets. Also known as having short arms.
Did you ever notice that Steve never takes his turn picking up the check? Let's start calling him Stevie High Pockets!