Popularised by Tony Capstick (in "Capstick Comes Home") in 1981 and used since as a minor insult (similar to how "idiot" is used as an insult).
Originally meant "bull's penis" (originally described to me as "bull's prick"). See also "wazz" for another derivative of this sense of the word. Whether it was ever applied to other animals or humans I don't know - but as "wazz" is used for human urination in the West and North of England, I'd imagine so.
Was fairly rare in Yorkshire before Capstick's popularisation of it in 1981.
You great useless spawny-eyed parrot-faced wazzock
(Tony Capstick, 1981)
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