2006 July 9,Annabel Crabb,“UK learns rules of Texas hold 'em”, inThe Sydney Morning Herald:
Roughly, the rule goes: if you have just swum, are planning to swim soon or are reasonably proximate to a place where others are swimming, then your budgie smugglers are perfectly acceptable.
2006 November 23,Stuart Rintoul,“Bracks's walk was on the wild side”, inThe Australian:
"Mr Baillieu has popped out of the water in his budgie-smugglers, but he doesn't reckon that climate change is a problem," Garrett scoffed. "I mean, give me a break."
2012 January 11,Amy Findlay,“Awesome Ironman!”, inMilton Ulladulla Times:
“If you think that men in budgie smugglers don’t look good, well all the blokes in this race still have it and they looked great,” she joked.
2012 January 12,Kate Starke,“Smuggler hid illegal abalone in underpants”, inHerald Sun:
A MAN has been fined and banned from recreational fishing in Victoria after confusing his budgie smugglers for abalone smugglers.
(swimming costume): See also Wikisaurus:swim briefs.
Etymology
(swimming costume): A jocular reference to a man's tight-fitting swimming costume or swimsuit appearing as if he has a budgerigar concealed inside it, ie. his bulging genitals.