Formerly used to describe the situation of not achieving the desired result in an undertaking considered to be somewhat important or monumental. In the context of performance in regards to the completion of a a test: to achieve a sub-par result, usually less than 70%.
Currently used by mindless sheep to commemorate the lack of desired intention, especially in regards to the most inconsequential of actions. No longer applies in the context of not passing a test (due to educational standards being so low that achievement of less than 70% is essentially impossible if one is not retarded).
One of the twenty words used in the "new" English language that is comprised completely of buzzwords.