1. An utterance which is employed when a seemingly trivial
enterprise is bungled due to error on the part of the perpetrator.
2. An expression which is emblematic of a repeated pattern of
incompetence, often used for
comedic effect to inject levity in a situation that otherwise would be shrouded in dismay.
3. Employment of this expression is often garnished with a nasal tone, dragging out the "a" syllable of "classic", whilst uttering the "Fairman" portion as quickly as possible.