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onderstatement 

when you're so under something you're over it
in regards to the bigfoot from pizza hut, "big would be an onderstatement!"
onderstatement by andrewtabs September 14, 2020

onderstatement 

"now that's an onderstatement!" - Haley Joel Osment
onderstatement by wikifeet September 13, 2020

onderstatement 

when you're so under something that you end up over it
it would really be an onderstatement if you really would please talk about kingdom hearts while haley is still on glts
onderstatement by andrewtabs September 13, 2020

understatement 

1. expressing with restraint or lack of emphasis, usually used for an ironic' or rhetorical effect.

2.basically a figure of speech that writers use to subtly make a situation less important or serious than it really is.
Saying "We've had a little rain," when the neighborhood is flooded. Now that is an understatement.

The last line of Frost's "Birches" illustrates understatement: "One could do worse than be a swinger of birches."

understatement 

to state to weakly, or without emphasis
To say George W. Bush is a bad president would be an understatement
understatement by Garrett San February 19, 2008

understatement of the century 

something said that states the obvious, often falling short of the truth.
guy 1: Bush was a sucky president.
guy 2: That's the understatement of the century.