Green’s Dictionary of Slang

nail n.3

[abbr. nice ass in Levi’s]

(US campus) a well-built male, esp. a sportsman.

[US]Eble Campus Sl. Apr.
[US]Eble Sl. and Sociability 37: Acronyms in which the letters are pronounced together as a word are much less frequent: [...] nail (nice ass in Levi’s) ‘well-built male’.