Dammit...
Speak English! "Wife Beater"...hmm...lemme see, could be:
Cheater--yeah, that makes sense..NOT
Meter---cripes, that's how you measure distances over there...also not very good
Two seater---we call that a bike, god knows what mess of a name you'd have for it
Neater--nothing with the word "neat" in it could possibly apply to you, so that's right out
Sweeter--see above comment times 10
Heater--hmmm, a gun in US slang, but not relevant here
Fleeter--implies "fast", also not a well known red indian trait, so that's not it
Jeter--plays SS for the Yankees, currently out with a dislocated shoulder, not a good bet in this context, although red may be a bit sweet on him, since Jeter IS a bonafide athlete who plays "without pads'...reds favorite thing
Liter, or litre--another unit of measuremnet, one that I'm SURE red is quite familiar with in relation to beer, but again, I don't see a connection with this latest phrase
Peter-- too easy, and Q doesn't shoot fish in a barrel.
Tweeter--audio component...dubious correlation, unless red was taking apart a set of speakers for some reason
Basically, it's more of that rhyming nonsense that gives the Brits something to do while watching what passes for TV over there, and I'm sure someone will be along to enlighten me eventually.
Q