The Foundary was a factory in Waterford where everyone's grandfather used to work. It was located down by the kay river. They used to pronounce it in this way due to the peculiar gutteral r sound of the old Waterford accent.
yet another term meaning eejit but describing a person of not much use. e.g. "that useless sooskin couldn't pour shit from a shoe if the instructions were on the heel"
