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1.
A group or organization of people who have proven time and time again that the only thing that can be expected of them, is failure.

Tony Hayward, CEO of BP, is said to have been the leader of the worlds first Fail Squad.
In May of 2010 the worlds first, real, fail squad presented itself in the form of BP. The energy company responsible for making our home "Earth" bleed out crude oil into our oceans at the rate of thousands, to hundreds of thousands of gallons per day.
by Marcosthemexican May 21, 2010