Threepenny Bit are a traditional folk band based in Southampton. They are famous for having a drum kit made out of bits and pieces, and busking in the streets of Hampshire on a daily basis.
Did you see that band on the street in the rain today busking? That be Threepenny Bit.
av nichols31290 3 november 2011
Very old rhyming slang for tits - has been used since the 18th Century in the UK.
"Look at the threepenny bits on that chick - they're popping out, man"

"I shot my wad all over her threepennys..."
av Real cool trader 4 april 2008
Cockney rhyming slang for "shit"
"I ate bad food and got a terrible case of the threepenny bits"
av callandanswer 24 december 2007

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