There's many different dialects within Australia. Depending where you look there's many different translations, like 'yellow head' and 'good eating'. So we're both correct.You had me going there on the 'good eating'!
Til I googled... The Meaning of the Word Budgerigar. Budgie is a shortened form of Budgerigar, from the native Australian name Betcherrygah. The betcherry bit means 'good', and gah means 'parakeet'.
It doesn't say 'good parakeet WITH flavour' ya know! ::: insert laughing icon, but I can't use it cuz it's greyed out for some reason... hope that solution appears soon, I LOVE my emoticons! ::::