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1.
It's Cockney Rhyming slang innit Geezah?

Oh. And it's the Bingo thing too...
"Two and Eight"... State. As in "Blimey! 'E's in a proper two an' eight, Guv..."
by Gor Blimey Howard July 05, 2004
 
2.
Bingo slang for '28'.
"Two and eight.. 28!"
by Anonymous August 16, 2002