seppo

seppo
 n.— «Seppos, if you do not happen to be acquainted with Australia’s arcane rhyming slang, are Americans. At one time, they called us Yanks. Then they noted that the term rhymes with “septic tanks.” That’s how they came up with Seppos.» —“A couple of ‘Seppos’ rise up to beat the blokes from Down Under” by John Zant Santa Barbara News-Press (California) Aug. 16, 2004. (source: Double-Tongued Dictionary)

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Further reading

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