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Charlie's Trousers
The city of Charters Towers in northern Qld - an affectionate name used by those in the north, particularly school children. Charters Towers was referred to as "The World" in its mining heyday. Charlie's Trousers may be also a form of rhyming slang: I go to school in Charlie's Trousers.
Contributor's comments: I grew up in Townsville (being close to Charters Towers) and I remember my family using it as rhyming slang.