This phrase is used when eluding to someones wealth. Saying they have "tail money" infers the fact that they have money for coats with tails.
"What happened to Duncan's new flat screen?"
"He trashed it so he had an excuse to get that new Philips TV."
"Damn. Kids got tail money."
"He trashed it so he had an excuse to get that new Philips TV."
"Damn. Kids got tail money."
by DJterror October 15, 2009