Dinkout is a term used strictly in the world of golf. A dinkout occurs when a male golfer hits an awful Tee Shot that makes the entire foursome look silly to those watching. Said golfer must than play the rest of that hole with his "dink" sticking out the fly of his pants.
Come on now man, it didn't even make it past the ladies tee... Thats a Dinkout
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.