A phrase used to describe having sexual relations with a homeless person or "hobo." The phrase originated from an Australian Folk Song of the same name, which tells the story of a lonely "swagman" (a man who travels the country on foot looking for work) who carries all his belongings in a "Matilda" (a particular term for a bag). He sings affectionately to his Matilda because it is the only company he has.
Man, you were trashed last night. You committed a Waltzing Matilda.
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A phrase used to describe a woman with a bad yeast infection.
"Yo mama's yeast infection is so bad she could run a bakery down there."
"Hey man, how'd last night go?"
"Horrible, she was running a bakery."