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it's a €xclamation of surpris€. or shock.
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I think you'll find that the exclamation is normally, "Sakes Alive!" http://www.urbandictionary.com/define.php?term=land+sakes+alive
But we have snake lollies here in Oz called Snakes Alive.
Here's a forum where you might get an answer to your AC/DC question: http://www.roadrunnerrecords.com/blabbermouth.net/news.aspx?mode=Article&new...