A gay man's term used to describe a pretty young dick that is led around town on a tight leash by a wealthy older gentleman. See whoever the current Mrs. Elton John is.
CYRIL: Oh look darling, Elton John's out walking his poodle doodle.
CHRIS: Oh isn't that just cute and adorable?
CYRIL: I heard they bought a House in Venice.
CHRIS: Are you sure they didn't buy a House in Virginia?