1. When you try to bail someone out, and fail
2. A level of failure more severe than an epic fail
use 1. After David got picked up for public drunkenness, I tried to get him out of jail, but didn't have enough money, that was a real failout.
use 2. Henry Paulson - failout.
December 03, 2008
An unqualified woman promoted because she is good looking and shares the boss's political views.
That sarracuda sure is qualified!
September 06, 2008
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