It's a word that probably won't be uttered by most Germans....and when they use it, it's likely to be a guy using it.
So, it refers to a gift that you had to come up with.....to appease your significant other (usually after a fight, argument or forgetting something important). The English meaning would be.....a gift to appease the dragon.
This doesn't mean you refer to the wife or girlfriend as a dragon, but you might want to bring the issue up with your work-buddy or neighbor.....so you'd just use some slang term to hint why you had to buy the new car, the new living room furniture, etc.
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