Not folk music as such, but the quartet "Stringy Bach" have an album titled "Bach in the Bight". One of the tracks is "The Barque in the Bight".

It can ruin a joke if it has to be explained, but for non-
Aussie Catters; there is a eucalypt tree known as a Stringy Bark and the large body of water south of the continent is The Great Australian Bight.