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He who pays the reckoning, or answers for the rest of the company: as, Will you stand godfather, and we will take care of the brat; i.e. repay you another time. Jurymen are also called godfathers, because they name the crime the prisoner before them has been guilty of, whether felony, petit larceny, &c.
Definition taken from The 1811 Dictionary of the Vulgar Tongue, originally by Francis Grose.
Gobbler * GogNathan Bailey's 1736 Dictionary of canting and thieving slang
John S. Farmer's collection of canting songs and slang rhymes
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Francis Grose was independently wealthy, having inherited money from his father, a jeweller. Finding himself overspending, he published a number of books; his Provincial Glossary seems to have been the starting-point for the Vulgar Tongue reproduced here.