Green’s Dictionary of Slang

pillow n.

[its padding]

(US) a boxing glove.

[Aus]Bulletin (Sydney) 18 Apr. 14/2: In the articles signed by Farnan’s representative small gloves are stipulated, but the Melbourne party [...] now want the show to come off with the ordinary pillows.
[US]Outing (N.Y.) XXIV 443/1: Piled on a little table were four as dirty and badly-stained ‘pillows’ as I had ever set eyes on [DA].
Sydney Sportsman (Surrey Hills, NSW) 6 Nov. 1/4: Naturally the boxers kicked about using ‘pillows’ and after the fifth round Denny declined to proceed.
[US]S. Ford Shorty McCabe 109: I was a little riled by that time [...] I offered to tie pillows on both hands and take ’em all three at once.

SE in slang uses

In compounds

pillow-mate (n.) [note Hindley, The Old Book Collector’s Miscellany (1873) ‘Serving [...] as a little Side Pillow, to render the Yoke of Matrimony more easy’]

a prostitute.

[UK]Farmer & Henley Sl. and Its Analogues.