A group of friends in Canberra have transformed a backyard into the ultimate impromptu Australia Day water park by connecting a hose and a handle on a rope to a Hills Hoist.

Phil and Mike Jacobs, with the help of their friends CJ and 'Bogan Jack', lay down some waterproof tarps in a circle around an Australian flag-draped clothesline and hoisted himself off.

One of their friends, Jake Fraser, uploaded video of himself riding the ultimate slip-and-slide to Facebook yesterday.

Even after losing his balance and sliding on the side of his feet, Mr Fraser did another three revolutions of the Hills Hoist.

As he slid off the circuit, one of his friends had a beer waiting for him.

Amazingly, even after taking a tumble while disembarking, he didn't manage to lose a drop of his beer.

Friends of Mr Fraser were quick to applaud his Australia Day activity on Facebook.

"That looks so fun," Shantel Louise wrote.

"That's pretty hectic," Amy-Leigh Maloney added.

"Australia Day done right," Lachlan Merrick said.