[underwearphil]

Hitting the headlines in the last few days is the term "Budgie Smugglers"!
This is one of the terms included in the Oxford English Dictionary for the first time with the official entry reading:
budgie smugglers
PLURAL NOUN
Australian /NZ informal
Men’s brief, tight-fitting swimming trunks.

The press briefing (sorry about the pun) provided the information:
"Budgie smugglers" is an Australian term used since the 1990s that refers to a pair of tight men's swimming trunks.

Should give a boost to the Budgy Smuggler brand!