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(Australian) adj: Signifies that something is dead or somehow defunct. Is often used with reference to businesses that go bankrupt or otherwise come to grief.

Should not be confused with the phrase 'the arse fell out of' (e.g. 'We used to be a banana republic until the arse fell out of the bananas market').
The former CEO has told the HIH Royal Commission that he gave away $14.4 million to friends and colleagues in the months before the insurance giant went arse-up.

It's not my fault your business went arse-up mate!
arse-up by RSMM December 25, 2008

OBJECTS THAT I'VE SHOVED UP MY ARSE 

Bruno Powroznik's proudest work
Bruno Powroznik: OBJECTS THAT I'VE SHOVED UP MY ARSE

VIBRATORS

DILDOS

PENS

PENCILS

COINS

PEBBLES

BROOMSTICK HANDLE

FISHING ROD HANDLE

UMBRELLA HANDLE

TOOTHBRUSH HANDLE

HOCKEY STICK HANDLE

FINGERS

SMALL GLASS JAR

TEST TUBE

SCREWDRIVER HANDLE

STIFF COCKS

CIGAR

BANANA

objects i have shoved up my arse 

a beautiful video by bruno powroznik stating several physical materials that he has put up his anus.
"have you seen 'objects i have shoved up my arse'? my favourite object was toothbrush handle <3"

born with a silver spoon up the arse

When someone is overly snobbish or smarmy. The expression implies it is an everpresent part of their nature, ever since birth.
Alan was born with a silver spoon up the arse. That's why he has that accent and such....

OBJECTS IVE SHOVED UP MY ARSE

OBJECTS IVE SHOVED UP MY ARSE, pens, pencils, pennies, broom stick handles, hockey stick handles, dildos

up your arse

a shouted response to an insult. similar to up yours but stronger.
made immortal by the lyrics of the famous song:- "from stamford bridge to upton park" "stick your blue flag up your arse" "UP YOUR ARSE" "UP YOUR ARSE" "UP YOUR ARSE" "UP YOUR ARSE" "from stamford bridge to upton park" ""stick your blue flag" "UP YOUR ARSE"
up your arse by theWestHamfan November 18, 2003