Sentence:  Senator Collins —And the ILC will support it./ Senator ELLISON —If it supports it. This is the <WSD>ducks guts</WSD>, as we term it in Western Australia. It depends upon whether the ILC says it is a good idea, because I will bet Senator Collins a guinea to a gooseberry that these people— / Senator Collins —Is that another thing that Western Australians say? 
Meaning of the word marked with <WSD> tags:  Something superlative, something outstanding. (from 1970s)