You know how it's said that eskimos have 50 words for "snow"?

Aussies have 50 meanings for the word "cunt". It can simultaneously be both the worst and the best thing you can call someone. And aussies know exactly which meaning is intended from context.

It's easier than that, the meaning is defined by the previous word. Although you do have to be an Aussie to know that being called a "sick cunt" is high praise, while being a "dog cunt" is a mortal insult.