Green’s Dictionary of Slang

execution day n.

1. washing day [the washing is ‘hanged’ out to dry].

[UK]B.E. Dict. Canting Crew.
[UK]Grose Classical Dict. of the Vulgar Tongue.
[UK]Lex. Balatronicum.
[UK]Egan Grose’s Classical Dict. of the Vulgar Tongue.

2. (US) Monday; also the trad. washday.

[US]Irwin Amer. Tramp and Und. Sl. 69: Execution Day.–Monday, when the washing is ‘hung.’.