In lieu of pockets or a functional billfold or wallet, the use of one's anus as a recepticle for storing important items. Mainly implemented by members of penal colonies.
Q: "Hey brah, how did you get all of those Zebra cakes in past the guards?"
A: "Um, duh, I just stuck'em in my jailhouse wallet, next to the Swedish Fish and the Choco Tacos. The Choco Tacos are a bit melty, but damn are they exquisite!"

OR

Q: "Listen, broheim, how can I get a copy of the new season of Entourage up in this joint?"
A: "Yo, you should talk to Todd, that guy has the 'George Costanza' of jailhouse wallets."
by Comander Cool March 09, 2007
In lieu of pockets or a functional billfold or wallet, the use of one's anus as a recepticle for storing important items. Mainly implemented by members of penal colonies.
Q: "Hey brah, how did you get all of those Zebra cakes in past the guards?"
A: "Um, duh, I just stuck'em in my jailhouse wallet, next to the Swedish Fish and the Choco Tacos. The Choco Tacos are a bit melty, but damn are they exquisite!"

OR

Q: "Listen, broheim, how can I get a copy of the new season of Entourage up in this joint?"
A: "Yo, you should talk to Todd, that guy has the 'George Costanza' of jailhouse wallets."
by Comander Cool March 12, 2007
Safe keeping / smuggling contraband in Your Anal Cavity
When you in jail, use your "Jailhouse Wallet" to smuggle or keep safe various items.
by Bulldog March 08, 2007

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