Used instead of the term, You're skating on thin ice. It gives a more threatening threat - you're more likely to fall through if you're bobsledding than simply skating on the ice. Example: You're bobsledding on thin ice, mate. I'd watch it.
YOU'RE BOBSLEDDING ON THIN ICE
Meaning of YOU'RE BOBSLEDDING ON THIN ICE in English
Slang English vocab. Английский сленговый словарь. 2012