A situation that order cannot be brought to any time.

A Goat Rodeo AKA Goat Rope, is about the most polite term used by aviation people (and others in higher risk situations) to describe a scenario that requires about 100 things to go right at once if you intend to walk away from it.

A chaotic situation, often one that involves several people, each with a different agenda/vision/perception of what's going on; a situation that is very difficult, despite energy and efforts, to instill any sense or order into

A situation that has all the risks and none of the rewards. In a real rodeo, cowboys risk their necks, but they get to look cool. If the cowboys rode goats, they'd have just as much risk of injury, and wouldn't look cool. Such a situation has two possible outcomes: really bad or slightly less bad. Having forseen such a situation, you're best bet is to not enter the Rodeo.

A sales or bidding process where the natural tendency for multiple people to "pile on," express their opinions, and interject creates inherent instability and increases the probability of overreaction and/or loss.

An emergency situation that goes extremely bad.