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1.
The term used to describe what people in the mafia would make their victims "wear" before swimming with the fishes. Usually consisting of weights/bricks/other heavy objects being attached to someone before being thrown into a large, deep body of water.
Mafia guy: Hey, this guy won't pay up.

Other guy: Well, let's give him an Italian Swimsuit because he's gonna be swimming with the fishes pretty soon.

Mafia guy: I'll go grab some bricks.
by Jukedalon May 02, 2010