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"Chocolate wallet" is a colloquial term for the asshole. An ideal place to keep contraband and/or hidden treasure.

Eg. "Dude, where are we gonna hide this blow?" "Give it here, I'll put it in my chocolate wallet."
"Dude, where are we gonna hide this blow?" "Give it here, I'll put it in my chocolate wallet."
by YesYesYesYesNo December 03, 2014
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