In North American usage, this is the mildest of euphemisms referring to the buttocks, suitable for use when speaking to small children. Elsewhere, it's a vulgar direct reference to female genitalia and sexuality.
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Americans tend to call a belt bag a “fanny pack” while the British use the term “bum bag.” In the 1950s, the British trademarked the term “bum-bag” to reference the pouch that skiers would wear on the slopes.
Waist bags, bum bags, hip packs, slings, or crossbody bags. Whatever you call them, these bags are back and a must-have for travelers. Like a purse, a fanny pack carries all the small stuff you need for a day of sightseeing like your keys, external battery, and lip balm.