You will catch cold at that; a vulgar threat or advice to desist from an attempt. He caught cold by lying in bed barefoot; a saying of any one extremely tender or careful of himself.
Definition taken from The 1811 Dictionary of the Vulgar Tongue, originally by Francis Grose.
Colcannon * Cold BurningNathan Bailey's 1736 Dictionary of canting and thieving slang
John S. Farmer's collection of canting songs and slang rhymes