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In the short story âThe Devil and Tom Walkerâ by Washington Irving, satire is incorporated in a perfect way. This story is about Tom Walker, who makes a pact with the devil, and ends up lending money at high interest rates.
In modern times, it has come to mean, simply put, only fools rush in. It means to look before you leap. Not act rashly. BUT--that is not what Shakespeare meant when he wrote the actual phrase we have bastardized: The better part of valour is discretion; in the which better part I have saved my life.. The line was spoken by Willie's character Falstaff in Henry IV, Part One.