An Australian slang, for the cell police throw you in for the night, due to being heavily intoxicated (or on the piss). Generally people get thrown in the piss bucket, when causing a disturbance or mischief when drunk
I was really pissed/drunk/intoxicated and threatened to beat up a bouncer. I caused a scene and the police came and threw me in the piss bucket (prison cell) for the night, to sober up.
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