A squid ring is the scientific term for female genitalia. The name is derrived from the sloshy, squidgy appearence of the fanny, the word ring is derrivitive of the big blag hole you stick your pork sword into.
Billy: Heyyyy Cassa, u so sxc. gotta nice birra sosage thats needin a slimey cuddle
Cassa: Hiyaaaaaaaaa! I have a willing squid ring? =]
Billy: so it's kk if i shove it in ye?
Cassa: 8---D O-
Billy: suttons rong wiv ye fanny i'll find some1 else