yellow boy noun3 •(slang) Iron(III) hydroxide, a yellow-orange solid found in acidic water from mining projects. •(US, slang) Synonym of goldback (“kind of gold certificate”). •(slang, no longer used) A gold coin; a guinea or sovereign.“Damn them, (cried the commodore) I wish both their necks were broke, thof the two cost me forty good yellow-boys.” “Forty guineas! (exclaimed the stranger […]).” — 1751 formsyellow boys