Money used to pay for cigarettes or other fine tobacco products. Normally, but not limited to: grocery money, child support for your baby's mama, or coinage you find in your buddies pockets. This money is normally kept in a specified container or area of ones' room/home.
Me: "Hey bitch, I hope you remembered to grab that mason jar on the table."
Random guy 1:"Why?"
Me:"Shit, you forgot didn't you? Dammit, that had our smoke bills in it. You fucking shit face!"
by no_order May 9, 2005
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When someone is so loaded at a party that they could be passed a bill for snorting drugs and assume it is a joint and try to smoke it, meaning it is time to go home.
"Did you and Fiona have a good time at that party?"

"It was pretty fun, but by like 3 am she's smoked the bill and I had to put her in a cab"
by 1adycat September 27, 2013
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