noun Slang.
fool; jerk.
Vulgar. penis.

1900–05; < Yiddish puts literally, ornament, finery, probably noun derivative of putsn to clean, shine; compare early modern German butzen to decorate (German putzen to clean, brighten)

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World English Dictionary
putz (pʌts)
slang (US) a despicable or stupid person
[from Yiddish puts ornament]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

"obnoxious man, fool," 1964, from Yiddish, from Ger. putz, lit. "finery, adornment," obviously used here in an ironic sense. Earlier in slang sense of "penis" (1934, in "Tropic of Cancer"); a non-ironic sense is in putz "Nativity display around a Christmas tree" (1902), from Pennsylvania Dutch.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Another smarmy politician growing old disgracefully as he preaches to others but can't keep his putz in his pants.
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