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When a company is no longer functional in terms of pay, benefits, growth, etc...

When the employees are starting to feel like it's time to leave and look for another company or job.

The starting stage of a crashing company.

Similar to Job Fair only that in Job Fail, people are already hired and they tend to go away.
Peter: Luke, do you have any vacancies in your company?
Luke: Yup. Why?
Peter: Our company is having a Job fail.

Mary: Where are you going Judas?
Judas: I'm gonna join the Job Fail.
Job Fail by Spectre from above April 20, 2010
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The Fail Caterpillar 

A mischevious, fuzzy little caterpillar that says the word Fail. It's videos can be seen on the site youtube.com/dyli.
Fail.

Hey, don't be the fail caterpillar!
The Fail Caterpillar by Dyli June 15, 2010
Related Words

crap fail 

ethan chabots failed attempt at a come back.
when ethan says, & i quote, "but you might have confused that with your cr and the end p, crap fail"
crap fail by mmdog June 16, 2010

sham-fail 

someone you fails as bad a as the sham-wow guy, and doing something completely stupid. usually referring to females
she sham-failed when she tried to talk to a random Hispanic person for 5 mins then realized he didn't know Spanish at all.

Party Fail 

Is defined as when you are drinking from a bottle, and its only a little left, the host of the party has to finish it as a shot
Its your room, you gotta do the party fail
Party Fail by pikevilleguy December 13, 2010

Roof fail 

A fail that involves a roof failing to protect what is under. Made popular December 12, 2010 after the roof of The Hubert Humphery Metrodome failed keep out the snow.
Saints fan: I'm glad we didn't have a roof fail like the Vikings. They have to play in Detroit!

Brett Farve: Where did the Saint play after Katrina? In a Tiger Stadium? You had a City-wide fail!

Saints fan: Who won the Super bowl Bitch?
Roof fail by Vikings 2011 SB Champs December 14, 2010

Entertainment fail 

When you feel like doing something entertaining but stop early or half way.
Mark had an entertainment fail when he started watching two and a half men but got bored and changed the channel.
Entertainment fail by S(Terry)D December 21, 2010