Those that remember it, will Get It

[stoo23]

[spookietoo]

Yes. I would build a bar on one corner and it's name would be quite obvious.     

[stoo23]

You could possibly call it "Sherman's Bar" or "Mr. Peabody's",..   

[NEIL]

Assuming it's an Aussie thing ... up here in Canada, they would need to be:
Beaver Street and Wood Avenue

[stoo23]

Assuming it's an Aussie thing

NO, Not at all,.. it is in fact, a US thing but references Canada,.... it's Definitely an Age thing   

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It does require you to say "Moose & Sqwirrel", in your very best extremely thick, Russian Spy accent     

[Schneiderfrei]

Hey Rocky, Watch me pull a rabbit outta my hat!

[Hendrick]

Hey Rocky, Watch me pull a rabbit outta my hat!

Confusius say: Bugs a "wabbit"

Cheers, Hendrick

[NEIL]

LOL    - OK then - I totally don't get it  - how old do you need to be then?

[Schneiderfrei]

Old enough to have warts and wrinkles.