It's worth pointing out that "bollocks" does not always carry pejorative undertones. Consider the following construction:

"Cor, that Liverpool striker scored a hat-trick against that bunch of three-legged cart-horses known as Manchester United. The bloke is the absolute bollocks!"

(Depending on where you come from, "dog's dangly bits" or simply "dog's danglies" may be inserted in place of "bollocks." Not literally inserted).