"Waltzing Matilda" is a famous Australian folk song written by Banjo Paterson in 1895. The song tells the story of a swagman who sets up camp by a billabong and steals a sheep. When confronted by the owner, the swagman jumps into the water and drowns, becoming a ghost. The title refers to the term "waltzing," which means traveling with one's belongings wrapped up in a blanket or mat. The song has become an unofficial national anthem of Australia and is often associated with the country's culture and identity.