a phrase used after a person totally fucks up. it is used to imply the person made an attempt but they just suck overall.
guy 1: yeah man, there was like four of em', an' they beat the shit outta the six of us.

guy 2: haha, wow man, good cut.
by Tough Guy 1 July 11, 2008
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Military term: The absolute, iron-clad, no-bull date/time when any visit by the good idea fairy will not be tolerated by anyone for any reason. For most reasonable people this is not later than the time an operation plan or order is published. For senior officers and politicians this is only a hypothetical moment that never arrives.
"The good idea fairy cut-off date (GIF-COD) for this operation is the date we issue the order to the units," said the Commander. "I will personally kill anyone who suggests anything after that."

and;

"The attack was going well until the good idea fairy struck. They failed to establish a GIF-COD.
by Baghdad Bob April 21, 2006
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