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The act of stripping down to one's underwear or boxers for an extended period of time. Usually done as a means of relaxation for middle-aged Australian men after a hard day's work.
"Crack a VB open for me luv, after that hard yakka I'm gonna rock my Australian Tuxedo!"

Craig put on the Australian Tuxedo, with no consideration to those around him.
by Anime Fiend September 13, 2012
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