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fiasco

fi·as·co [ fee áskō ] (plural fi·as·cos)


noun 
Definition:
 
1. humiliating failure: a total failure, especially a humiliating or ludicrous one

2. straw-covered wine bottle: a wine bottle having a round bottom and often in a straw covering resembling a basket

[Mid-19th century. Via Italian, "bottle" < medieval Latin flasco "flask"; sense "failure" from theatrical slang]
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