A prize fighter whose modest skills won't let him/her win large purses. So, their manager (who gets a percentage of purses won) will never be able to afford to eat better than ham & eggs. (No steaks!)
That ham and egger! He got KO'd in the second by some stumblebum.
An amateur. Primarily and athlete, posing as a professional, but not quite up to that caliber. It's a slurred, "code" name for Amateur. Hence: Am - A - Teur = Ham -And - Egger.
1940's Ringside Announcer: "This guy's just a hamneggr (ham and egger)."
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."