Instead of referring to the waning days of American sit-com Happy Days and the episode where Fonzie jumped a shark, only to see the show sink further and further into irrelevance and low ratings, it refers to the opening episode of the Australian Broadcasting Corporation's (ABC's) 2009 return of comedy show "The Chaser," where the "edgy" comedians go to the Vatican City to abuse nuns and fly a blimp with foul anti-Catholic slogans past the Pope in the Vatican.
Marked the beginning of the end for the ABC's "The Chaser."
"'Crikey' used to be really cool until they took on the chk-chk-boom girl... but they really flew the Vatican on that one."
"Yeah, right... from Mo-Toons to toilet-bowl-Jesus. They've flown the Vatican."