beak

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wet (one's) beak

To partake in part of the profits of another person's business, usually as a result of extortion. (Used especially in reference to organized crime, particularly "protection money" paid to the Italian Mafia.) Trust me, you're better off just giving him what he wants whenever he comes round to wet his beak. If you don't pay up, you'll have bigger problems.
See also: beak, wet
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

beak

1. n. a nose. What a beak on that guy!
2. in. to gossip; to chatter. Stop beaking and get to work.
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.
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