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1.
delicate way of refering to genitals; British origin
Through her sheer lingerie, I could see her naughty bits.

His imagination wandered below her belt to her naughty bits.
by Big Mike October 31, 2004
 
2.
the genitals or any part relating to sexuality (euphemistic)
Her naughty bits were visible because her pants were too tight.
by The Return of Light Joker May 03, 2008