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1.(n.) An unflattering insult told to someone after they have not succeeded in a goal, or have continuously proven to be useless to those around them.

2.(n.)(vul.) A disgustingly mishapped breast.

3.(v.) to failbag; The act of missing a mark so entirely that an individual embarrasses themselves entirely.
1. "Go home and cry yourself to sleep you failbag."

2. "Those aren't boobs, those are failbags."

3. "There goes Jimmy, failbagging it again."
failbag by Nathan Pyrokai May 6, 2008
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Someone containing a large amount of fail.
Carile is such a failbag, she's only sixteen and already has three kids.
failbag by Kitsuneboom September 9, 2009
Related Words
(adj) conjunction: failure at being a douche bag. Common place attractive girls go out with guys whom are douche bags i.e jerks. someone who is too nice to land a hot girlfriend.
I'll never get the head cheerleader I'm such a failbag.
Failbag by Ardent-Darkness May 24, 2010
f~cking ~ssholes that think that they are cool, or funny by saying the word "fail". This person may be deemed a failfag if they use the word "fail" as a noun, adjective, adverb, or uncessfully conjugate the word as a verb. Failfags do not realize that this word has been long taboo'd, and that the word eventually gets old. Failfags may also overuse the word "epic" in an uncuccessful attempt at sounding cool.
**Kevin drops his pencil
failfag: FAILL!!! hahahaha!
kevin: Shutup, don't be a failfag
failfag by 3V3RY0N3! April 14, 2010
The subject of a potential relationship that, if pursued, would only result in failure and drama. Usually female, but can also be male.

Failbait will typically be impartial to or encourage a relationship, usually under inconvenient circumstances. The relationship will end poorly, if it even gets off the ground.

Similar in usage to jailbait, but without the underage or incarceration aspect. Since going to jail would be considered a failure in most circles, jailbait is a more specific form of failbait.

Failbait differs from cocktease in that the subject isn't intentionally malicious or deceiving.
What? She likes you now, after all these years? She's failbait... she doesn't know what she wants.

She's with a new guy every month. Don't fall for that failbait.

Dude, you already have a hot girlfriend who understands you. Why are you obsessing over failbait?
failbait by JRR Volkswagen April 9, 2008
When faith is so cruel that it pwns you with the amount of fail that it provides given the circumstances. In other words, a massive fail that marks you for the rest of your life. The ultimate self-embarrassment.
Example 1: Masturbating in front of your laptop when you've forgotten the webcam on after speaking to your grandparents in Florida would be failage.

Example 2: Letting the girl you have a crush on download a torrent using your PC without thinking of deleting or hiding the collection of BDSM porn first would be an even bigger failage.