Jay(A). A wanton. “This jay of Italy ... hath betrayed him.” — JayA plunger; one who spends his money recklessly; a simpleton. This is simply the letter J, the initial letter of Juggins, who, in 1887, made a fool of himself by losses on the turf. Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894 More on Jay from Fact Monster:
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