Elephant and Castle

Definition and stakes

Trench H. Johnson,  Phrases and Names, Their Origins and Meanings

“ Elephant and Castle. The famous landmark in South London derived its sign from the arms of the Cutlers’ Company. A tavern in St Pancras parish took its sign from the skeleton of an elephant, beside which was a flint-headed spear, dug up in the neighbourhood. The connection between these and the battle fought by the followers of Queen Boadicea against the Roman invaders was unmistakable.
Elephant stepped on his Purse. An Americanism implying that a creditor or some unlucky speculation has squeezed all the money out of a man.
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Source: Gutenberg

Portrait of Arthur Charles Fox-Davies Arthur Charles Fox-Davies,  A Complete Guide to Heraldry

“ The elephant's head, however, is much more frequently met with than the entire animal. Heraldry generally finds some way of stereotyping one of its creations as peculiarly its own, and in regard to the elephant, the curious "elephant and castle" (Fig. 404) is an example, this latter object being, of course, simply a derivative of the howdah of Indian life. Few early examples of the elephant omit the castle. The elephant and castle is seen in the arms of Dumbarton and in the crest of Corbet.
A curious practice, the result of pure ignorance, has manifested itself in British armory.
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Source: Gutenberg

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