a character in the commedia dell'arte; portrayed as a foolish old man
<noun.person>
trousers worn in former times
<noun.artifact>
Pantaloon \Pan`ta*loon"\, n. [F. pantalon, fr. It. pantalone, a masked character in the Italian comedy, who wore breeches and stockings that were all of one piece, from Pantaleone, the patron saint of Venice, which, as a baptismal name, is very frequent among the Venetians, and is applied to them by the other Italians as a nickname, fr. Gr. Pantale`wn, lit., all lion, a Greek personal name.] 1. A ridiculous character, or an old dotard, in the Italian comedy; also, a buffoon in pantomimes. --Addison.
The sixth age shifts Into the lean and slippered pantaloon. --Shak.
2. pl. A bifurcated garment for a man, covering the body from the waist downwards, and consisting of breeches and stockings in one.
3. pl. In recent times, a loose-fitting variety of {Trousers}, often of less than ankle length. [1913 Webster +PJC]