Green’s Dictionary of Slang

sensation n.

also slight sensation
[ironic understatement]

1. ¼ pint (143ml) of gin.

[UK]Hotten Dict. of Modern Sl. etc.
[UK]Hotten Sl. Dict.
[UK]Sl. Dict.
[Aus]C. Crowe Aus. Sl. Dict. 71: Sensation, a drink of liquor.

2. (Aus.) a half glass of sherry.

[UK] ‘Drinks and Drinking in Aus.’ Town Talk 19 Mar. 547: A sensation ... Half a glass of sherry.
[Aus]Baker Popular Dict. Aus. Sl.
[Aus]N. Pulliam I Travelled a Lonely Land (1957) 238/2: sensation – a glass of sherry.