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"Oh Shit" moment
The point in time when you realize that what you originally thought was a good idea, was in actuality really stupid.
OR
The point when you realize you forgot something crucial, but too late to do anything about it.
After Bob pulled the ripcord on his parachute, but it didn't open, he realized he didn't even pack a parachute for his dive.
His "Oh Shit" moment went something like this:
"Shit."
*thud*
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