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A "Bendy Tendy" is a goalie in hockey who sucks. Bender in hockey normally means you suck because you have such poor balance/control over your skates that your ankles bend all over the ice. Tender is short for goaltender. Combine them, add a "y" at the end for fun and you have it. A bendy tendy.
Hockey teammate: "..that goalie's a sieve.. couldn't keep a beach ball from going into the net.."

Other hockey teammate: "Ohh i see. Bendy tendy?"

Hockey teammate: "Yup... bendy tendy"
by hkyman4 November 20, 2011
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