What is "laced mutton"

Laced \Laced\, a.

1. Fastened with a lace or laces; decorated with narrow strips or braid. See Lace, v. t.

2. Decorated with the fabric lace.

   A shirt with laced ruffles.
   --Fielding.

   Laced mutton, a prostitute. [Old slang]

   Laced stocking, a strong stocking which can be tightly laced; -- used in cases of weak legs, varicose veins, etc.
   --Dunglison.

n. (context obsolete English) A prostitute.