What does "Pop goes the weasel" really mean?

Brainy Blonde

Spending all your money in the pub (bar), then pawning your suit for more. I found this information with Phrase Finder. May 23 01, 4:07 PM

django

In the old country, that is, 18th century England, a device called a weasel was used to apply fabric to the outside of certain hats. If business became slow the hat maker would, sometimes, have to pawn (pop) his weasel. May 24 01, 5:16 PM

ajdale

I agree with the previous answer. The song goes, "Up and down the city road, in and out of the Eagle. That's the way the money goes, pop goes the weasel." The Eagle is a pub on the City road in London. May 24 01, 11:39 PM

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