Bungie is Australian Slang for Mate! Its been used for years. Everyone calls every one Bungie. Like "Hey Bungie how you doing?" or "Look out Bungie you almost steped on that croc" or "Crikey! what happend to you Bungie". The creator must have had an Aussie mate that called him Bungie.
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Ok? I'm another Aussie, I don't say "mate", "g'day" and I think the last word I would ever use in teh entire universe would be "crikey"! I despise Steve Irwin for creating such a poor stereotype for Australia... Nobody has EVER said Bugnie to me in a way not relating to the rope or this company... I think you'd be pretty damn wierd to be using it as slang for mate!