A term originally coined by a Wimmins Cancer Charity in order to pander to the psychosis
of men who ponce about in dresses going "I'm a Laydee, I'm a Laydee".
Basically it is safe and inert alternative slang that can be used to call someone a Cunt.
"Tell that Bonus Hole if he doesn't belt up he'll get a slap."
"I was watching England last night .. those Bonus Holes couldn't score in a brothel."
And dying in yo' bed many years from now, would ya be willing ta trade all da days from dis here day ta dat fo' one chance, just one chance, ta come back here as young men an' tell our enemies dat dey may take our lives but dey will never take our freedom ... YUB NUB!