The term "One Bomb" is very commonly used when drinking alcohol, it refers to driking ones alcoholic beverage in "one" i.e "One Bomb". Whenever this phrase is used, the person it is aimed at has to drink the whole content of their glass/bottle all at once otherwise they are then known as a bailer.
The phrase derives from a small town called rochdale in England where lots of "one Bombing" happens.
Come on John One Bomb that whiskey ya muppet.
Nah man there's too much in that cup
what you on about you, ya bailer
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