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Definitions by Peter Buckett

Fail Sauce 

The sweetest sauce of all, or more specifically, the sauce that something is drenched in when they fail epically.
Person 1: Oh sh*t! I just remembered that i slept with Oprah Winfrey last night!

Person 2: Did you enjoy it?

Person 1: Yeah... Yeah, I think I did... I dunno, i was plastered...

Person 2: Mmm... sweet, sweet Fail Sauce...
Fail Sauce by Peter Buckett January 23, 2010
The sweetest sauce of all, i.e. the sauce that something is drenched in when they fail epicly.
Person 1: Oh sh*t! I just remembered that i slept with Oprah Winfrey last night!
Person 2: Did you enjoy it?
Person 1: Yeah... Yeah, I think I did... I dunno, i was plastered...
Person 2: Mmm... sweet, sweet failsauce...
Failsauce by Peter Buckett December 9, 2009

Failtastic 

A fail so epic, it's almost a win.
Person 1: I got my penis stuck in the gutter.
Person 2: What the... How?
Person 1: I fell down. While I was biking. With no clothes on.
Person 2: What the f*ck... wowwwww... how failtastic.
Failtastic by Peter Buckett November 8, 2009