In KFC parlance, an Acey Cobra can be either an imaginary burger or a nickname for the male genetalia of Dick Batianoff.
Poida: "Hey man, have you charmed any trollops lately with your Acey Cobra?"
Dick B: "Yeeaaaaahh! This one chick in Adelaide Street loved Acey Cobra! Damn trollops!"
Poida: "Yeeeaahhhh! Huh. Huh huhuh. Huh."