1. [late 17C–19C] the tongue.
2. [late 19C+] in fig. use, gain, profit, winnings; money [see Asbury, Sucker’s Progress (1938) 17: An extraordinary number of the terms, technical and otherwise, which were employed by Faro players in the palmy days of the game have passed into the language [...] Velvet — The bank’s money].
3. [1950s] (Aus./N.Z.) any dark-skinned woman; thus a bit of velvet [abbr. black velvet under black adj.].
4. [1980s] the female pubic hair.
5. see black velvet under black adj.
[1910s] (US tramp) .
[late 18C+] secure, cheerful, enjoying a life without problems.
1. [mid-19C–1920s] to be in a financially advantageous position, esp. following successful gambling.
2. in weak use of sense, to be in an advantageous position.
[mid-19C] to talk in an affected manner.
lit. or fig., in profit.
[1940s–70s] (US) the vagina.
to be wealthy.