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Definition of Australian rhyming slang
1. Noun. The set of slang expressions used by Australians in which a word or phrase is replaced by a rhyme rhyming word or phrase, this word or phrase then often being abbreviated to its first syllable or syllables, or its first word. Examples include ''bag of fruit'', ''joe blake''(,) and ''Noah's ark''. Much Australian rhyming slang overlaps with the rhyming slang of the UK, the US and NZ. ¹
¹ Source: wiktionary.com