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One who has only two-pence in his pocket. Also a lance, or deputy corporal; that is, one doing the duty without the pay of a corporal. Formerly a lancier, or horseman, who being dismounted by the death of his horse, served in the foot, by the title of lansprisado, or lancepesato, a broken lance.
Definition taken from The 1811 Dictionary of the Vulgar Tongue, originally by Francis Grose.
Lank Sleeve * Lanthorn-jawedNathan 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.