Top Definition
When there are all the warning signs which you ignore until its too late, the situation then goes critical and blows up in your face.

Typically relates to men chasing women that are just no good, who ignore all the warning signs and red flags only to find out that they are in fact a gold digger.
Dude 1: Oh had such a good weekend with Catherine
Dude 2: Really ?
Dude 1: Yeah, ended up paying for it tho, from the taxi there to the taxi back, drinks, dinner, lent her some money etc
Dude 2: Man, this is more than a reg flag situation, you have yourself a Chernobyl Control Panel.
by Christopherusly May 13, 2012
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