Green’s Dictionary of Slang

toy n.1

1. the penis.

[UK]H. Porter Two Angry Women of Abington G3: ms. bar.: I would to God that I could find her, I woulde keepe her from her loues toys yet. mal.: So you might, if your daughter had no wit.
[UK] ‘Narcissus, Come Kiss Us!’ in Farmer Merry Songs and Ballads (1897) I 38: At length he did put his pretty fine toy / (I cannot tell where ’twas) below, / Into one of these ladies, I cannot tell why.
[UK]Farmer & Henley Sl. and Its Analogues.

2. a mistress.

[UK]Mennis & Smith ‘Mr Smith to Cap. Mennis’ Wit Restor’d (1817) 124: When my Bettie dropp’s away (That fourteen years hath been my Toy) Some one I’le marrie.

3. the vagina.

[UK] ‘Moggy’s Misfortune’ in Farmer Merry Songs and Ballads (1897) II 26: Thou’st have got a pretty Toy, / Which I’d willingly enjoy.
[UK]T. Killigrew Parson’s Wedding (1664) I ii: Why, he swore, he had a better opinion of her than to think she had her Maiden-head; but if she were that Fool, and had preserv’d the toy, he swore he would not take the pains of fetching it.
[UK]C. Cotton Virgil Travestie (1765) Bk IV 46: But we can cherish lusty Yeoman, And carry toys like other women.
[UK] ‘Alas How Long’ in Farmer Merry Songs and Ballads (1897) V 46: Alas how long shall I and my maidenhead lie: / In a cold bed all the night long! [...] Say a Maid were so crost, as to see this Toy lost, / Would not Hue and Cry fetch it again?
[UK]Congreve Old Bachelor Epilogue: As a rash girl, who will all hazards run, / And be enjoyed, though sure to be undowne; / Soon as her curiosity is over, / Would give the world she could her toy recover.
[UK]Cleland Memoirs of a Woman of Pleasure (1985) 30: A whisper’d question, ‘whether I thought my little maiden-toy was much less?’.
[UK] ‘They all Do It’ in Holloway & Black I (1975) 262: You may gain her Female toy, / If once you Bung her Eye Sir.
[UK]Farmer & Henley Sl. and Its Analogues.
[UK]Farmer Vocabula Amatoria (1966) 167: Joujou, m. [...] 2. The female pudendum; ‘the toy.’.

4. a prostitute.

[UK]Egan Life in London (1869) 314: [note] dirty Toys logic’s phrase for the unfortunate peep o’day women of the town, who wander about from one coffee-shop to another, till day-light breaks in upon them, and whose pockets are ‘full of emptiness.’ [Ibid.] 348: With the ‘Peep o’day boys,’ / Hunting up dirty Toys.

5. a watch; thus toy and tackle, a watch and chain.

[UK]Sessions Papers 21 Sept. 546/2: James Boyce [...] said ‘The b—g—r has got no toy’; I had no watch .
[UK] ‘Autobiog. of a Thief’ Macmillan’s Mag. (London) XL 505: He would not touch toys because we was afraid of being turned over (searched).
[UK]‘Dagonet’ ‘A Plank Bed Ballad’ Referee 12 Feb. n.p.: One day I’d a spree with two finns in my brigh, / And a toy and a tackle – both red ’uns.
[UK]A. Morrison Child of the Jago (1982) 155: There was not one as would lief have put a scorpion in his pocket as that same toy and tackle.
[UK]E. Pugh City Of The World 274: He’s got to know whether his toy and tackle is a real clock and slang or only a measly Brummagem fake.
[Aus]E. Pugh in Advertiser (Adelaide) 12 Apr. 24/7: A ‘toy and tackle’ [is] a watch and chain.
[US]Monteleone Criminal Sl. (rev. edn).
[UK]R. Puxley Fresh Rabbit 51: If connected to a chain it was a toy and tackle.

6. a woman’s male lover.

[Aus]Sun. Times (Perth) 1 Oct. 1/4: The Haughty Highgate pill ‘widdy’ is going the pace a bit [...] her latest toy is a gay and dashing fang extractor.

7. (US black teen) a gullible person, a fool; a novice.

[US]R. Bolwell ‘College Sl. Words & Phrases’ in DN IV:iii 235: toy, n. An eccentric character; a comical fellow.
[US]Ice-T ‘Personal’ [lyrics] Toy, this ain’t Christmas, no time to play.

8. in graffiti, anything or anyone second-rate.

[US]C. Castleman Getting Up: Subway Graffiti In N.Y. 76: The word toy is used by writers to refer to anything insignificant. Small pens are called ‘toy markers’; short-run trains, like the Times Square-Grand Central shuttle, are ‘toy trains’; and especially, toys is used to describe inferior or inexperienced writers.

In compounds

toy-getter (n.)

a thief specializing in stealing watches; thus toy-getting n.

[UK] ‘Autobiog. of a Thief’ in Macmillan’s Mag. (London) XL 502: The following people used to go in there [i.e. an underworld public house] — toy-getters (watch-stealers), magsmen (confidence-trick men), [...] and skittle sharps.
[UK]A. Morrison Child of the Jago (1982) 91: Dicky knew the small man for a good toy-getter. [Ibid.] 155: The gains of the toy-getting trade were poor, except to the fence.
[US]Monteleone Criminal Sl. (rev. edn).

SE in slang uses

In compounds

toy boy (n.) (also boy toy) [i.e. his role as a plaything]

a young attractive man popular among older, richer women (or homosexual men); thus boy toy, which can mean the same or a young attractive woman, popular among older men.

[US]W. Winchell On Broadway 20 Aug. [synd. col.] ‘The brigand’ is routine Jack-and-Jill-odrama. Jody Lawrence is the boy-toy.
[UK]Times 17 Apr. 11: They would like my comments on the phenomenon of ‘toy boys.’.
Online Sl. Dict. [Internet] boy toy n 1. a male with whom one has an intimate relationship. Note: carries heavy sexual connotations, implies that the male is nothing more than a toy.
[UK]Observer Mag. 30 May 15: She was blissfully happy with [...] her subsequent toyboy, Scott Harvey.
[SA]K. Cage Gayle 59/1: boy toy n. young man who is kept and supported by an older gay man in return for sexual favours. [Ibid.] 99/2: toy boy n. a younger male lover, who is usually supported by an older man.
[Aus]L. Redhead Rubdown [ebook] I would [...] shag myself silly with a succession of well built toy-boys.
[UK]H. Mantel Beyond Black 169: ‘You got a toyboy, Mrs Etchells?’ Cara asked, giving Al a wink.
[UK]Daily Mail 30 Jan. [Internet] ‘She’s the first girl I have been with.’ Gay toyboy insists [she] turned him straight.