Losing to a shitty team in any sport. In college football, a "bad loss" will typically knock a team out of contention for a national championship. In college basketball too many "bad losses" can keep a team out of the NCAA tournament.
Person 1: "Wow, I can't believe Stanford lost to Utah! What a bad loss!"

Person 2: Not according to Jon Wilner! He still has them ranked #3!

Person 1: I can't believe they are still being considered for the BCS title game. I mean, they lost to UTAH!!
by Heavyw8 November 11, 2013

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