Australian underwear and swimwear brand Todd and Terry is changing the rules of the old adage, “You can’t have your cake and eat it too.”

On Nov. 16, to celebrate their second birthday, Todd and Terry will not only let their customers have their birthday cake, but they’ll let them eat it too.

For 24 hours on Nov. 16, 2010, the brand will be holding an incredible sale that will rival all of their competitors. Commencing at 9 a.m. EST, you can choose 10 pairs of hot Todd and Terry underwear for just $50! (plus shipping costs) That’s unbelievable!

To make sure you don’t miss out, whichever time zone you are in, the brand will have a clock on its website counting down to the end of the sale. It’s a Todd and Terry birthday! But at this party, you’ll get the gifts.

Shoppers can head to the official Todd and Terry website, www.toddandterry.com, to take part in this sale.

Since its launch in 2009, Todd and Terry has quickly become a favorite among underwear enthusiasts with its fresh blend of bold and stylish designs. The brand’s originality and fashion-forward sensibility has earned the brand a perfect “5” score from Menswear Review (see my review on their trunk here), and has been called “another fantastic brand from Australia” by Guys Underwear Blog. It has also made the covers of popular publications like New York’s Next Magazine and large feature articles and photo spreads in MetroSource, FantasticsMag, Grab Magazine, Echelon, and Out in Jersey.

For more information, visit the brand’s official website, www.toddandterry.com.