1. This is what might happen when a male and female conduct sexual intercourse while the female is on her 'monthly cycle'
2. When a girl loses her Virginity, and if the male has ejaculated, then this is what they have made.. how nice.
"..and this Cherry cheese cake ran all down her leg.."
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A combination of two words, "Ginger" and "Minger" (the definition of which can be found here). It means a "Ginger Minger" and is obviously meant in a mean/nasty/horrible way.
"Look at that bird! She's a right Giminger!"