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1.
Something that is so bad that two words indicating how bad it is have to be combined together.

An item, person, or event that fails so hard that calling it retarded would be a complement.
Last night's party was fucking failtarded. There was one girl, she was fat, and some dude grabbed my butt. Not to mention someone ran off with a bottle of Goose.
by negabit December 12, 2010