In case you're missing the scintillating intellectual discourse of the O'Reilly Emerging Technology Conference, Kevin Burton kindly provides some news. Apparently Flickr developer Cal Henderson has his own classic Geeks Gone Wild pic:
Kevin Burton: we were giving them crap about how you can't call them knickers and trowsers
since fancy pants != fancy trousers
Valleywag: them? the brit contingent?
Kevin Burton: y[es]
we were giving htem shit since British sounds so funny
knickers, bollucks, trousers, etc
The most brilliant minds of emerging tech converge on one space, and you get...knickers and bollocks.