Green’s Dictionary of Slang

close adj.

[? from gambling phr. play close to one’s vest]

1. (Aus.) well-informed, knowledgeable.

[Aus]Bulletin (Sydney) 6 July 24/1: ‘Teddy’ Knight’s reported ‘crock,’ ‘cripple’ &c., Prince Carbine [...] scooped the big thing of Rosehill meeting, Saturday. Well backed in ‘shops’ all day Friday and Saturday morning, when long odds were available, a big load was placed on the course, consequently the ‘close’ crowd behind the operations landed a big stake.

2. (US jazz) masterful.

E. Horne For Cool Cats and Far-Out Chicks n.p.: He’s so close, man! – The musician has done just about everything attainable [W&F].

SE in slang uses

In phrases

close as... (adj.)

see separate entry.

close to one’s belly (adj.)

see under belly n.

get close to (v.)

(US) to seduce.

[US]A. Anderson ‘Think’ in Lover Man 117: ‘There ain’t a man alive that gets close to one hundred-thousandth of the chicks he’d like to get close to’.
that’s close

(US campus) an ironic comment implying that something is far from the truth or excessive.

[US]Current Sl. I:3 7/2: That’s close, adj. unbelievable.
[US]Baker et al. CUSS 209: That’s close Extraordinary, unusual, hard to believe.
[US]Current Sl. III:4.
[US]Eble Campus Sl. Nov. 1: That’s close could be used as a reply to a request like, ‘Lend me ten dollars’.
[US]Eble Sl. and Sociability 67: The phrase that’s close is used to discourage an unreasonable request or to refute an outrageous statement and means ‘that’s not close to the real situation’.