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Definitions by Homey Simpson

Wallet Leach 

A guy/girl that never has any money, but is always down to do expensive stuff.

Any time you hang out with said person, it's typically implied that you are paying for everything.
Person 1: Hey, you wanna go to the movies?

Person 2: You mean that you actually have money or the movies?!?!

Person 1: Now, we both know that I don't have any money...

Person 2: Dude, you are such a wallet leach.
Wallet Leach by Homey Simpson August 4, 2009