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1.
A woman's control over when, where and how sex will be had. Analogous to "purse strings" but pertaining to the pussy.
"Ever since I bought my girl friend something in a little blue box from Tiffany's and she has really loosened the puss strings"

or

"My wife totally tightened the puss strings when she found out I charged a new surfboard for my trip to Fiji."

or

He may wear the pants in the family but his wife still holds the puss strings."
by Frank Gank February 08, 2008