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Definitions by Raymond Dyrimm

Phailgasm 

(fale*gaz*um)
(n)a failure at an activity or undertaking you had been engaged in.
(v)To fail, or have an unsuccessful result of an activity or undertaking
"I just phailgasm'd all over that test."

"ugh, i had a Phailgasm at halftime when i dropped the ball"
Phailgasm by Raymond Dyrimm January 10, 2009