Green’s Dictionary of Slang

throwaway n.

1. (US Und.) a garment, e.g. a shirt, which is worn for a street crime, then immediately discarded so as to alter one’s identity.

[US]C. Stroud Close Pursuit (1988) 92: Two of the boys were carrying cheap plaid lumberjack shirts. A third youth was flipping a ragged vest over his back. ‘Check it out, Eddie. It’s street-crew time. Check out the throwaways.’ [...] The shirts went on before a mugging and came off right after it. It helped screw up the pursuit.
[US]J. Maple Crime Fighter 55: If there was any chance your crew was going to do a robbery, you brought along a ‘throwaway"—a shirt or Jacket that could be pulled on before the crime and tossed aside after it.
[US](con. 1973) C. Stella Johnny Porno 54: Hearing a rumor about Hastings buying throwaway handguns, Kelly came to warn him against acting foolish.

2. (US) a homeless outcast.

[US]R.P. McNamara Sex, Scams, and Street Life 106: He may be a runaway, a ‘throwaway,’ a truant, a prostitute, a drug dealer.

3. see throw-down n. (4)