it's a fiddle, Brit slang for fraud, a con.
bum hocks a fiddle. a week later rich dude offers pawnbroker $2k for it. Pawnbroker asks dude to return after bum comes to redeem the fiddle. Bum returns, pawnbroker offers $500, bum gets him up to $1k & splits. Dude never returns, pawnbroker has worthless fiddle, bum & dude party. Old English con job.
by Labadabbadoo April 12, 2008