/ · 1894 Brewer’s · P · Penny Gaff (A)
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A theatre the admission to which is one penny. Properly a gaff is a ring for cockfighting, a sensational amusement which has been made to yield to sensational dramas of the Richardson type. (Irish, gaf, a hook.)
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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.