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1.
Moneybags is when something is really, really cool.

"That chick was moneybags."
or
"Can you believe I won $500 bucks on the slots? MONEYBAGS!"
or
"That '79 Charger is moneybags."

It works on sooo many levels.
by T$Millionaire May 30, 2008
 
2.
Somebody that is obscenely wealthy
Those closest to her felt she had all the profoundness of a kiddy pool. It was clear she didn't love old moneybags, what was less clear was whether they had even consummated their marriage.
by StephenHar April 25, 2008
 
3.
a sort of apron with open and zip pockets that british market traders wear around thier waist to keep the money in

they are normally very hard to get, but nowerdays a bit more available thanks to the internet
where do you get that money bag from that you wear around your waist
by Tabatha-Dawn December 11, 2011
 
4.
A man know for his legendary genitals. A moneybag must have a minimum penis size of 12 inches (flaccid) and a penis head the size of his own fist when erect. Although not a necessary trait, a moneybags is often known to ejaculate twenty dollar bills. A moneybags may only be called so by others when they deem him worthy of such a grand title.
I can't show you a picture of my penis because it will change your life forever. Nothing will ever live up to it.
Damn dude! You must be moneybags!
by semperfudgehd July 25, 2011
 
5.
After intercourse, if using a contraceptive designed for a guy, such as a condom, remove from member, grasp the lip of the condom with hand, and slap girl across her face, with the semen filled reservoir tip as if slapping a moneybag across the face.
Jimmy "moneybagged" Sarah last night, after she refused to cooperate with him.
by PatrickForrest November 05, 2005
 
6.
I would love to motorboat those money bags.
by LAXMetal23 January 25, 2009
 
7.
a young person in junior high that wants to feel important
dude moneybags was tryin to but in line
by gurgyshawn September 16, 2003