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2.
A fail that is posted on failblog.org that fails to be a fail. Also, a video fail on failblog.org that fails to play.
I was on failblog.org, and the fail shown was actually a win, resulting in a failception.

I was on failblog.org, and the video that was posted failed to play. F A I L C E P T I O N
by Plysomack September 12, 2011
 
1.
a fail within a fail; someone legitimately screws up TWICE in one fail
-First person throws second person in a pool-
Second person fails.
-First person is also much smaller-
Second person fails twice.

Therefore, a fail within a fail.
FAILCEPTION.
by bigmeechie June 11, 2011