Green’s Dictionary of Slang

1. a lazy but inoffensive young man.

1844		J.C. Neal Peter Ploddy and Other Oddities 177: [to a ‘corner lounger’] They sing out like good fellers, ‘Eh, waggybone! – Ho! ho! lazyboots! – hellow, loafer!’.
1864		Derby Day 123: I’ll lay my life these two vagabones are either on the ‘mouch,’ or else there’s some plot a-going on.
1883		J. Greenwood Odd People in Odd Places 161: They tried it once or twice with me till they found what an incorrigible wagabone I was.
1894		G.A. Henty Dorothy’s Double I 218: I aint a-going back to him no ways. [...] He called me a blooming young vaggerbond.
1926		E. Walrond Tropic Death (1972) 172: He is jess a wufless, stinkin’ goot fuh nuttin vargybin’. [...] Who, dat vargybun’, don’t put ’e ’ long side o’ me.
1940		E. Curry Hysterical Hist. of Aus. 40: A pretty dod gasted ding-whanged, flim-flammin set of thieves, rogues and vagabones.

2. (W.I.) a lecherous old man.

1996

Allsopp Dict. Carib. Eng. Usage.