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To polish the king’s iron with one’s eyebrows; to be in gaol, and look through the iron grated windows. To polish a bone; to eat a meal. Come and polish a bone with me; come and eat a dinner or supper with me.
Definition taken from The 1811 Dictionary of the Vulgar Tongue, originally by Francis Grose.
Pole * PollNathan 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.