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And for the actually curious; it was originally to hold pocket watches
I always thought it was for lighters
I thought it was for change
I thought it was for drugs
Turns out, it's for whatever you put in there
This is the answer... But don't tell the prudes, please.
I was a pocket watch user in the time before we all carried phones all the time and I cursed all pants without a fob pocket in those days.
its actually for your lil baggie of cocaine.
I was always taught it was called a ‘fob pocket’, as in a pocket for your fob watch (the old name for a pocket watch) but I only knew that because my grandfather collected fob watches. I was also taught that the little pocket near the hip of the inside of a coat is called a fob pocket for the same reason.
I'm not really sure about it's actual name since i'm not a native speaker; i basically shoehorned the translation
it makes for a great card holder for metros or any situation where you need to have a card in a quickly accessable place
"A what watch?"
Steve Jobs said it was for the iPod shuffle