Coined especially by the Jersey's Shore's Mike 'the Situation' who especially bombed in Dancing with the Stars, despite being prepared, and at Donald Trump's Roast where he clearely wasn't prepared and slurred racist remarks and zero jokes, substituting his Jersey Shore persona for humor.
1. in current use, a general substitute for any noun in existence, regardless of gender or number.
2. a common term popularized by Mike "The Situation" from the first season of MTV's reality series, "Jersey Shore" (2009), typically used to denote the expected arrival of reasonably attractive girls for an informal social gathering.
2. "We have a Situation!" --Mike "The Situation" from MTV's "Jersey Shore" (2009), after phoning several groups of girls that he met on the Boardwalk and confirming their willingness to hook-up.
To fail miserably. To bomb something. To screw up. To think you're cool and just end up getting booed of the stage and realize you're not really that cool, at all. Derived from The Situation's failure at the Roast of Donald Trump.
Guy 2 - "Oh, I didn't study. I probably Situationed it."
Guy 1 - "At least you're skin isn't orange."
Black lady: Well, I think this is a good situation for my current...uh...situation. I was in a similar situation, you know, in my previous employment ...situation...oh kaaaay?