A
slang term for a person (chiefly male) that is a
Jew, is cheap, or shares any of the stereotypical traits of Jews.
From the 1940
Disney Film of the same name, and the idea that the eponymous character gets a big nose whenever he lies, and a stereotype of Jews are that they have large noses.
Tyler: Dude, can I borrow five bucks for lunch?
Chris: Naw dude, I
don't have any.
Tyler: You fucking Pinocchio! I saw you get like 15 dollars
change when you bought lunch!