1 definition by Mr Awesomesauce

Top Definition
A common reference to the boat "The Titanic."
basically, the word means any floating object that was clearly poorly designed, causing it to fail.
Example:
"Here is your fail shipment: One Fail Boat."
"Oh, you mean the one made out of lead?"
"Yep."
by Mr Awesomesauce March 08, 2010

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