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Used to show you were in the BDSM club, but now it's just a fancy way to look cool and show off, mostly by people who think they're tough but aren't.
My ex got me a padlock necklace for my birthday. I wore it for a week before I realized it was just a keychain with a lock that didn't open anything.
I bought a padlock necklace because I thought it made me look bad-ass. Turns out, I just looked like I had a bad day at the hardware store.
My mom got me a padlock necklace and said it was 'for my wild side.' I haven't been wild since I was 12.