Australian rhyming slang term. It is a polite replacement for "Fucking Oath"
Do you want a cold beer mate?", "Yeah, chicken loaf i do!" and also "Man its a bloody hot day!" "Chicken loaf, its stinkin' hot!
Shortened version of "Chicken Loaf" an australian rhyming pelacement for fucking oath, but can have various definitions.
Def: Great, awesome, fantastic, incredible, bonza!
How did you go catching up wit the missus last night?", "Yep, its was choafin night!