an otherwise normal plaid jacket/coat worn by failures (i.e. people who are "cool" and smoke weed all day). it is usually red in colour but comes in green and blue as well. the larger the squares on the jacket, the bigger the failure. if the failure jacket is red, then the person has reached ultimate failure and there's no turning back
"Hey man, did you see that crackhead?"
"Which one?"
"The one wearing the failure jacket."
by cerilebi January 06, 2010

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