A resource well drilled for a perticular commodity such as oil, water, gas etc. that does not produce or find such a commodity or meet expectations. Its said to be a duster.
A duster is somebody who is worthless; a loser. Somebody who isn't good at anything.
Usually used by athletes to describe someone who is horrible or worthless at a sport. Usually the worst player on their team, and as a result all they do is sit around and collect dust, hence the term "duster".
Jake is such a duster. In gym class all he does is stand in the corner while we play dodge ball.
A duster is a moustache. There are many types of dusters. They can be handsome, tight, well groomed, mean, greasy, tough or pretty much just what you feel about it.
Look at that guy's duster. It's pretty greasy. He mustchase broads all over town with it.