pinch and a punch for the first of the month English

Meaning pinch and a punch for the first of the month meaning

What does pinch and a punch for the first of the month mean?

pinch and a punch for the first of the month phraseologicalUnit

— (British, Ireland, Australia, New Zealand, South Africa) Said on the first day of a new month, while pinching and punching someone as a prank (especially by children). The victim may respond with "a flick and a kick for being so quick" and the original attacker may reply with "a punch in the eye for being so sly".

— (British, Ireland, Australia, New Zealand) More generally, a pair of attacks or setbacks at the start of something.