Thanks for the enlightening responses above.
Although I said this thread isn't about the Seinfeld episode I couldn't resist. Here is the "shrinkage exchange":
From Seinfeld "The Hamptons" episode (1994):
[Beach House @ Hamptons; Jerry’s girlfriend has just walked in on George naked]
George: I was in the pool! I was in the pool!
….
George: Well I just got back from swimming in the pool. And the water was cold...
Jerry: Oh... You mean... shrinkage.
George: Yes. Significant shrinkage!
Jerry: So you feel you were short changed.
George: Yes! I mean, if she thinks that's me she's under a complete
misapprehension. That was not me, Jerry. That was not me.
Jerry: Well, so what's the difference?
George: What if she discusses it with Jane?
Jerry: Oh, she's not gonna tell Jane.
George: How do you know?
Jerry: Women aren't like us.
George: They're worse! They're much worse than us, they talk about
everything! Couldn't you at least tell her about the shrinkage factor?
Jerry: No, I'm not gonna tell her about your shrinkage. Besides, I think
women know about shrinkage.
George: How do women know about shrinkage? (They see Elaine walking down
the hall) Elaine! Get! (She enters) Do women know about shrinkage?
Elaine: What do you mean, like laundry?
George: No.
Jerry: Like when a man goes swimming... afterwards...
Elaine: It shrinks?
Jerry: Like a frightened turtle!
Elaine: Why does it shrink?
George: It just does.
Elaine: I don't know how you guys walk around with those things.