Top Definition
A derogatory term for GameSpy, a company which attempts to host game servers. They often fail at that, and so many gaming companies buy their own servers after their experience, or after millions of customers complaining about it.
Dude 1: Hey, EA is gonna stop hiring FailSpy for Command and Conquer 4!

Dude 2: Awesome man! Now we won't suffer when it comes to online play!
by Failspy failz!!!! August 05, 2009

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