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Referring to a woman's vagina. If used to refer to a male being a dick wallet it is calling one a homo sexual. Also noted as the storage space for ones dick.
1. Wow i would like to make a deposit in her dick wallet.
2. Dude your a fag you dick wallet.
by Nilsson February 17, 2008
what you call an old man that goes online and tells people he is his daughter and sends pics of his daughter
(@zasz) jlott do you know who ron traughber is
(jlott) yeah fuck that dickwallet
by rontraughber February 11, 2010