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British slang meaning the ultimate example of its kind, typically an object or event.

This is used on those rare occasions when the Dogs Bollocks just isn't strong enough to convey the extreme nature of something.

Can also be shortened to simply The Badger's.
You've got to be there, it's gonna be the badger's bollocks.

Holy shit! Now that is the badger's bollocks!
by The Baaadger September 14, 2011