Muhammad bin al-Munkadir (may Allah have mercy on him) narrates the same from Sayyiduna Jabir (may Allah be pleased with him) as a marfu' report. Muhammad (may Allah have mercy on him) said: We said to Sayyiduna Jabir (may Allah be pleased with him): What is meant by a man protecting his honour? He said: Giving to the poet and to people with sharp tongues; as though he were saying: so that their tongues are held back.
This hadith is known only through these two (al-Hilali and Miswar), and neither of them is strong.
Hadith Referenceالسنن الكبرى للبيهقي / كتاب الشهادات / 21133