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A man set by bullies on his head, that his money may fall out of his breeches, which they afterwards by accident pick up. See Hoisting.
Definition taken from The 1811 Dictionary of the Vulgar Tongue, originally by Francis Grose.
Reverence * Review of the Black CuirassiersNathan 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.