ii. One who fucks up all the time.
iii. One who goes to Yale but has the vocabulary and comprehension of a sea cucumber.
See also: George W. Bush, Dubya, Ashlee Simpson, Enron, Operation Iraqi Liberation
George W. Bush: I didn't misfailure the country! Honest! It's hard work being president! Realleh hard work! Even my daddeh says it's hard work! I don't get no break on Sundehs too!
Bob Bluebell: What a failure and a jerkwad.