A combination of the "bad words" "Bloody F**k" originating from the common british term "bloody hell"..

Because "Bloody F**K" could be misinterpreted as a disgusting perverted sexual act, the word FLOOKEY is used instead.
British Man: Will you light my fag, boy?
British Boy: WHAT THE FLOOKEY DO I LOOK LIKE YOU SICK BASTARD!!!
by She Who Flies With Pegacorns December 01, 2009

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