Perjorative. A failed attempt to channel vintage gangster look as popularised by UK TV series Peaky Blinders by corpulent man or lard arse.
Basically a flesh ball in a vintage waist coat, brouges and a flat cap.
Origin Northern England
See also Last of the Summer Blinders
"Looks like Tubby Tucker has bought a flat cap"
"Yeah, fat fuck is reinventing himself as a Porky Blinder"