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Reading the Wallet 

Taking a dump in the bathroom at work. Usually you have nothing to do while taking that dump. So you pull out your wallet and start to read it to pass the time.
Shelia: Where's Jason

Christian: He is reading the wallet!

Hey Dan that Cuban food went right through me. I have to go read the Wallet.
Reading the Wallet by Huge Murph February 24, 2009

Don't drop the Wallet 

Don't drop the wallet
The Synonym of Don't Drop the soap only this is to be used in competitive play video games when participating in "Money Matches."
"I'm gonna win that tournament and win 1000 dollars!!!"

-Don't drop the wallet

Ball's to the wallet 

Well what more to say except a perfect way to blow your load in many possible ways all in the same evening much less. Short and sweet going all the way in everything you do in life.
I Gotta go ball's to the wallet in everything I do and just know the outcome will sometimes break the bank just as hard as your balls will administer to all.

In the Wallet 

Indicates who the more important girl is when a guy is cheating. If you're in the wallet, you are the girlfriend, fiancée, wife, more important girl. If you are NOT in the wallet, you are the sidepiece, goomar, the other woman, the less important woman.

Can be a physical picture in the wallet, but is mostly used as a reference to being in a someones heart/special place/thinking of someone seriously. You don't get told if you're in the wallet/out of the wallet by the guy, someone else tells you
1)

A: That asshole was cheating on me

B: I don't think so. You're weren't even in the wallet

2)

A: He's not really upset about the fact you caught him, you're not the one in the wallet
In the Wallet by kf, April 10, 2020

The wallet trick 

Prank where two people, (the prankers), sit down on the left and right next to the targeted person. One pranker tells the target they want to show them the wallet trick and asks for the targets wallet. The target hands over the wallet, And the first pranker quickly tosses the wallet over the head of target, the second pranker catches the wallet over the targets head and then throws it down into the lap of the target, aiming to hit them in the genitals with their own wallet.
“I’m going to kill Tim and Ben later, they did the Wallet trick on me today during lunch and they got me right in the nuts.”
The wallet trick by V date May 11, 2020

The Wallen Effect 

The exact opposite of being cancelled. Where one says something out of pocket and instead of being cancelled and shunned, blows up and becomes well liked.
Guy: Dude did you hear Morgan Wallen made a song with lil durk after saying a racial slur?

Me: Yeah dude that’s The Wallen Effect.