The phrase "throws the colt" is not commonly used and may not have a clear meaning. However, there are a few possible interpretations based on the meanings of the individual words. "Colt" can refer to a young horse or a firearm, particularly a revolver. The verb "throw" can mean to cast or hurl something, often with force.
One possible interpretation of "throws the colt" is that it refers to throwing away a firearm after it has been used. This practice, also known as "ditching a gun," was common among criminals and gang members who wanted to avoid being caught with the weapon. By throwing the gun away, they could avoid being connected to the crime.
Another possible interpretation is that "throws the colt" is a slang term used to describe someone who has died, particularly if they were shot with a gun. This interpretation is more speculative, as there is no definitive evidence to support it. However, the use of "colt" to refer to a firearm could be a clue, as could the violent connotation of the word "throw."
It is also possible that "throws the colt" has no specific meaning and is simply a phrase that was used by a particular author or in a specific context. Without more information about the origin and context of the phrase, it is difficult to say for certain what it means.