Skip,
As Jerome says, we don't use the term 'fanny-pack' in the UK. (I'm not surprised you didn't find that line funny - it's a pretty dire attempt at comedy!)
Michael,
There's also the use of 'tool' to mean a gun, as in 'he was tooled up'. This has given rise, on numerous occasions, to ambiguities such as: "He's got a very big tool", "I told him to put his tool away" etc.
Jayne
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