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Failcake 

1. A proverbial cake served to someone who has made a major mistake

2. Used to celebrate a massive fuck up

3. In gaming speak, it is served to a loser after they've been pwnd
The staff members who missed Monday's important board meeting got a failcake.

Congratulations on totaling your new car while driving drunk. Have a nice slice of failcake!

I assassinated your player and served him a failcake. You have been PWND!

Failcake by Panasonicyouth January 4, 2008
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Failcakes 

Another word for fail that is slightly more cute and endearing. A slang term.
1: "OMG that movie was so failcakes"

"Yeah, I know"

2: "Then I tripped over and fell on top of him"

"Failcakes!"
Failcakes by Indigo Starr March 26, 2010
Pseudonym of the company game development company Funcom, creators of Anarchy Online and Age Of Conan. This name is widely regarded as the true identity of Funcom even within the company. Funcom owns the domain failcom.com which leads directly to their homepage...because they fail.
On of the developers at Failcom says class balance is working as intended.
Failcom by Eiser October 15, 2008

failcake 

failcake= piece of cake (assignment,task,or etc.) + epic fail (you're a looser)
"Your shirt is inside-out."
"Failcake!!!"
failcake by xlilxstrawberrix April 8, 2009

Failamanjaro 

1. In the video game Halo 2, failing to achieve a Killamanjaro.

2. Also in the video game Halo 2, being killed 7 times in 30 seconds.
"Billy was often the victim of a Failamanjaro when he played Halo 2 with his friends."
Failamanjaro by Hess4177 May 31, 2007

failcats 

A slang for one or a group to fail extremely.
Dude, look at his haircut, failcats.
failcats by K-Chung December 30, 2009
A company that doesn't learn from its past mistakes, has very limited talent, releases an incomplete product, lies to its customers, makes false promises to its customers, and charges its customers' credit cards even after the customers have cancelled the service. Derived from the company Funcom which has all of the above criteria fulfilled.
"I hear Failcom wants to develop an expansion to that POS Age of Conan."
Failcom by plmokn October 3, 2008