To in the end, blow, an opportunity that seemed a given.

Usually associated with last minute sport losses.
In the end, they huskied it, and lost the game that seemed a sure thing.
by Crimson & Grey March 21, 2005
To get really close to succeeding and in the end fail miserably even though success was virtually guaranteed.
The Washington Huskies had a virtual lock on the Apple Cup win, but they Huskied It and lost again.
by Ralph Johnson March 22, 2005

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