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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
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Nigga Wallet 

A wallet niggas tuck their saggy balls in that are too long. “Their ass-hole
Damn my Nigga Wallet has been itching lately, i think its because i have dick cheese
Nigga Wallet by FrugelBottoms December 31, 2021

Fart wallet 

Slang for - booty, ass, bum bum
“Damn, look at the pins on her!”

“Yea she’s got nice legs, but I’m more impressed by her fart wallet.”
Fart wallet by JoggingDude April 22, 2022

Prison Wallet 

Your asshole, and used to store personal belongings in prison, maybe even more ;)
"Yo mane, I still got a shank in my PRISON WALLET."
Prison Wallet by Yespleez September 15, 2022

Steal her wallet 

To make a girl lose her virginity.
"Did you steal her wallet last night?"
"Heck yeah bro!"

Ring around the Wallet 

The ring impression left by storing a condom in your wallet, especially for a long period of time.
After storing the condom for the past seven years, I developed a bad case of ring around the wallet.
Ring around the Wallet by rda889 December 9, 2012

finish your wallet 

When you either have such a good night that you have no money left, or when you're so drunk you're babbling nonsense.
"Hey Gay Chris, did you finish your wallet last night?" ( Of course not, it's Gay Chris)