Billy.

A policeman’s staff, which is a little bill or billet.

A pocket-handkerchief. “A blue billy” is a handkerchief with blue ground and white spots.

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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.

Bill of Rights
Bill of Sale
Bills of Mortality
Bills of Parcels
Billee (Little)
Billet-doux [pronounce billy doo]
Billiards
Billings (Josh)
Billingsgate (London)
Billingsgate Pheasant (A)
Billy
Billy Barlow
Billycock Hats
Bi-metallism
Binary Arithmetic
Binary Theory
Bingham’s Dandies
Binnacle
Birchin Lane
Bird
Bird in the hand

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Blue Billy (A)