I believe this is a slightly risqué reference to sexual gratification. More upon request. -faldage

Thank-you-ma'am:

1. phrase, Brit. a considerate commemt to a Lady for a kindness given.
2. vulgar, Amer. Chiefly used by Faldage and his cronies. circa 1958. As used..." Naw man, weren't no romance, you know me- Bip Bam, Thank you Ma'am -and I was back in the truck,"

3. current slang Amer. a speedbreaker, sometimes humorously equated with Faldage's 'Bip Bam'.