It means underwear, it's a word that Moka Only made up on the song "Team Work".
"I put 25 full years under my velt/I got my ladys love restin right under my velt/(Yo moka whats velt?) That's my underwear get it/I'm known to make up words so people don't sweat it
od uživatele Pseudo IntILLectual 14. červenec 2009
underwear; briefs; one's pelvic undergarment
My girl just bought me a fresh pair of velts!
od uživatele technics_speak 21. říjen 2005