1. To snitch on another individual, usually to report an illegal act to law enforcement.
2. To unknowingly waste an exceptional amount of money on something.
Drop a dime (verb):
1. "I can't get bud anymore because some punk snitch dropped a dime on my only supply."
2. "Damn, you see Juan's '84 Accord with 22 dubs on it? He dropped a dime on that pos."
To inform on someone who committed an unacceptable or illegal act. Back in the day, phones in booths cost ten cents for a call. A caller would drop a dime into the coin slot to make a phone call to the police.
Watch out for that guy, or he’ll drop a dime on you. I heard he narked onJohn for holdin’ an eigth.