GNU Collaborative International Dictionary of English

Found one definition 

  1.       

    Wallet , n. [OE. walet, probably the same word as OE. watel a bag.  See Wattle.]
    1. A bag or sack for carrying about the person, as a bag for carrying the necessaries for a journey; a knapsack; a beggar's receptacle for charity; a peddler's pack.
      1913 Webster
      [His hood] was trussed up in his walet.
      Chaucer.

      1913 Webster
    2. A pocketbook for keeping money about the person.
      1913 Webster
    3. Anything protuberant and swagging.  “Wallets of flesh.”  
      Shak.

      1913 Webster