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Definitions by Mike_Mohill

that's the way the cookie crumbles 

Bruce Almighty, said by Bruce Campbell in an effort to make a catchphrase similar to "And Thats the way it was"

Also a pun in that film, as the news story was about a giant cookie,

It means:

Thats the way it happened
....*news story*..

and thats the way the cookie crumbled