Swinging and Dodgy were the two catch-phrases popularised by Norman Vaughan as the compere of Sunday Night at the London Palladium in the 1960s. Swinging was accompanied by a thumbs-up, meaning satisfactory. Dodgy was accompanied by a thumbs-down, meaning the opposite.
From http://www.phrases.org.uk/bulletin_board/20/messages/1305.html
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