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1.
Basically a Problem with something you have created. in the example of a story it can be anything from forgetting to add a comma to the lack of a plot.
Author: dude i just finished my story! i spent like 3 months hammering all the Fail Nails out of it though! >_< but now im sure its ready for the public!

Friend: Sic! *reads it...1 week later* dude....this book sucks! you forgot the biggest Fail nail of all! THERES NO PLOT!

Author: NOOOOOOOOOOOO! Its just like Twilight! D:
by \m/Metal\m/ September 10, 2010