Green’s Dictionary of Slang

ted n.

[ety unknown, ? nonce-creation of the author]

(Aus.) the vagina.

[Aus]R.G. Barrett You Wouldn’t Be Dead for Quids (1989) 67: The delightful agony of Sophia’s beautiful warm tight ted drawing on his cock.
[Aus]R.G. Barrett Goodoo Goodoo 127: Her firm behind and juicy, little ted poking up in the air.
[Aus]R.G. Barrett Mystery Bay Blues 247: ‘All right snookums [...] Would you like your teddy bear too?’ ‘No, that’s all right [...] Just ted’ [...] He still wanted to give Grace’s lovely ted a bit of a detail.