Meaningless exclamation to be used instead of profanity. "Fucking Hell" became "Flipping heck" (or flippin' 'eck) which became flippy neck. Mainly used by the more polite cockney children.
Exclamation of annoyance or frustration, derived from the British term "bollocks", meaning testicles or nonsense. To "give someone a bollocking" is to reprimand them.
May also be influenced by "buggeration".
"Oh, bollockisation! My computer just crashed again!"