Green’s Dictionary of Slang

cockatoo n.1

[SE, punning on cock n.3 (1)]

the penis.

[UK]Urquhart (trans.) Gargantua and Pantagruel (1927) I Bk I 44: And some of the other women would give these names, my Roger, my cockatoo, my nimble-wimble, bush-beater, claw-buttock, evesdropper, pick-lock, pioneer, bully-ruffin, smell-smock, trouble-gusset, my lusty live sausage.