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1. Failony
A crime in which you commit an intense fail.
You've just commited a failony, we're taking you in.
2. Failony
A fail so epic, the perpetrator of said fail should be incarcerated.
Rich: "Hey, do you know how far Russia is from Alaska?"

Dan: "Not exactly. I think they're pretty close though; Sarah Palin said she could see Russia from her porch."

Rich: "And you believed it? Dude, failony."
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