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1 definition by J Louise

 
1.
When a magnitude of a problem as a consequence of an action goes beyond a simple mistake, it is otherwise known as a failstake. However, failstakes rank under the degree of epic fail.
"I tried to wipe Mr. Krabby's first dollar with your tie and ended up covering the whole thing with paint by mistake."

"No dude, that's failstake."
by J Louise March 18, 2010