Typically only found on the circumsized penis, Dinksalt is the salty excretion created when you get an infection under the foreskin. Often accompanied by a terrible smell.
A return response to an Aussie mate (male) usually over a few beers who says something so outrageous that “fair dinkum” just doesn’t cut it.
Mate at pub: Went fishing, fell in the water, got attached by a shark, managed to get out of the water fairly unscathed and scored a root on the walk back to the Ute.