Green’s Dictionary of Slang

charlie prescott n.

also billy prescot, charley prescott, Colonel Prescott, jim(my) prescott, john prescott, prescott
[rhy. sl.; ? anecdotal]

a waistcoat.

[UK]‘Ducange Anglicus’ Vulgar Tongue.
[UK]Hotten Sl. Dict.
[UK]Sl. Dict.
[UK]D.W. Barrett Life and Work among Navvies 43: ‘Charley Prescott’ is simply another name for a waistcoat.
[UK]J. Bent Criminal Life 272: Charley Prescott ... Waistcoat.
[UK]Pall Mall Gaz. 4 July 3/2: Who was ‘Charlie Prescott,’ whose name is immortalized as a synonym for ‘waistcoat‘’.
[UK]J. Ware Passing Eng. of the Victorian Era 201/1: Prescot [sic] (Rhyming). Waistcoat. ‘Spot his blooming prescot.’ [Ibid.] 205/2: A man in the country wants to sell his old kicksies, Charley Prescotts and coats, and seeing the advertisements in the respectable daily rags, he sends them all up to the buyer, and gets five bob in return, which, he is told, is all they’re worth.
[UK]Hartlepool Northern Dly Mail 28 Jan. 5/5: I have also learned [...] that ‘The Duke of Kent’ means rent [...] ‘Charley Prescott’ waistcoat, ‘Woolwich Piers’ ears [...] that a policeman is known as a ‘grass’ — short for grasshopper which rhymes with ‘copper’.
[UK]Thieves Slang ms list from District Police Training Centre, Ryton-on-Dunsmore, Warwicks 6: Jimmy Prescott: Waistcoat.
[UK]L. Lane Me and My Girl I iii: Gimme my Charlie Prescot – that’s my waistcoat – and now my I’m afloat.
[US]Maurer & Baker ‘“Aus.” Rhyming Argot’ in AS XIX:3.
[UK]Western Dly Press 12 Jan. 2/3: Other popular rhyming slang terms are [...] ‘Charlie Prescott’ (waistcoat).
[UK]S.T. Kendall Up the Frog 20: ’E must be in the bees ’n’ honey cos ’es got [...] a new whistle ’n’ flute wiv a Peckham Rye to go wiv it an’ a fancy new Jim Prescott.
[UK]Dodson & Saczek Dict. of Cockney Rhy. Sl. 23: Billy Prescot.
[UK]B. Kirkpatrick Wicked Cockney Rhy. Sl.