The alt.usage.english FAQ
This British expression meaning "the whole thing" , or more
specifically "16 megabytes of memory, when fitted to an IBM PC or
compatible computer", is first attested in 1986. To Michael
Quinion's comprehensive treatment at
http://www.worldwidewords.org/articles/monty.htm may be added a story
reported by Simon Gray that the origin is "the full diamond mount",
i.e., the whole diamond ring; and the Jargon File's statement:
"This usage is possibly derived from a TV commercial for Del Monte
fruit juice, in which one of the characters insisted on 'the full
 The current usage is very closely associated with nudity.
Source: [Mark Israel, 'Phrase Origins: "full monty"', The alt.usage.english FAQ file,(line 4839), (29 Sept 1997)]
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