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1.
Every year in high school, the time when everything in school and life gets so overwhelming that you break down and cry.
"Four tests tomorrow and I have work 'till 12 tonight; I'm having my annual mid-year crisis"
"I'll get the tissues."
by highschoolsenior October 12, 2011
 
2.
occurs when midterms occur, the semester ends, all your friends come home from college and you're stuck with a huge amount of work.
A: dude, wanna chill this weekend and smoke up some dank headies?

B: naw dude, i have to study for my math exam. It's midyear crisis, you know.
by hug me January 12, 2010