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To be in need of a box of shoelaces is to feel greatly indebted to someone or something. Generally used in a non-financial manner (I.E. someone does you favors often), but financial use is applicable too. (I.E. to owe someone a lot of money)
Geez, my friend saves my ass all the time, i need to get him a box of shoelaces.

Wooh! My banker guy got my stolen money back for me! I need a box of shoelaces.

Ugh, i had to cover his shift AGAIN! He really needs a box of shoelaces...
by American Classic 1775 May 18, 2009
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