Dewlap

['djuːlæp] or ['djʊlæp]

(noun.) a hanging fold of loose skin on an elderly person's neck.

Checker: Osbert--From WordNet

(n.) The pendulous skin under the neck of an ox, which laps or licks the dew in grazing.

(n.) The flesh upon the human throat, especially when with age.

Checked by Candy

n. the pendulous skin under the throat of oxen dogs &c.: the fleshy wattle of the turkey.—adjs. Dew′lapped Dew′lapt.

Checker: Lorenzo