Classic Australian song with lots of Australian slang
swagman - a man who travelled the country looking for work. The swagman's "swag" was a bed roll that bundled his belongings.
billabong - an oxbow lake (a cut-off river bend) found alongside a meandering river
coolibah tree - a kind of eucalyptus tree which grows near billabongs
jumbuck - a sheep
billy - a can for boiling water in, usually 1–1.5 litres (2–3 pints)
tucker bag - a bag for carrying food
troopers - a policemen
squatter - Australian squatters started as early farmers who raised livestock on land which they did not have the legal title to use; in many cases they later gained legal use of the land even though they did not have full possession, and became wealthy thanks to these large land holdings. The squatter's claim to the land may be as unfounded as is the swagman's claim to the jumbuck.
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