Kenneth G. Wilson (1923). The Columbia Guide to Standard American English. 1993.
sponge (n., v.)
To sponge on (off) someone is to be a parasite, to use anothers resources without paying for them; its Conversational and pejorative. To be a sponge is to soak up drink or information or whatever there is to be absorbed. The noun is frequently not pejorative in its figurative senses: A bright youngster enthralled with a new subject can be a sponge and be admired for it. An idiom with the literal sense of the noun comes from prizefighting: to throw in (or throw up) the spongewhen a second throws into the center of the ring the sponge hes been using on his fighter between rounds, hes signaling that his fighter is beaten: We quit. To throw in the towel is a variant with the same meaning. We use both today in all sorts of activities: theyre colorful clichés, Conversational and Informal.