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no-win situation 

a situation in which there is no hope of success
Thanks to the flood caused by Hurricane Katrina, New Orleans ended up in a no-win situation.

Chicken Situation 

When you go to say "Chicken Sandwich", and accidentily replace sandwich with another word, in this case situation.
Customer: I would like a Chicken Situation, Please.

Waiter: What the god damn fucking shit is a Chicken Situation?

Customer: It's like when you got bread, and chicken, and a penis, and it's all put together. Minus the penis.

Waiter: Oh, you mean a Chicken Sandwich.

all up in her situation 

Getting physically intimate with a female.
"Awh man, check Debbie over there, you should get all up in her situation!!!"

"Yeah, I walked into the bathroom and he was all up in her situation!"

Vietnam Situation 

A Vietnam Situation is akin to the Vietnam War in which the U.S. walked in expecting an easy victory and wound up spending years and lives in a costly war.

In slang a Vietnam situation is any sort of job or agreement one walks into and expects to be simple to complete but one finds out it will be quite time consuming and/or expensive.

Lately this slang has been synonymous with an Iraq Situation
Man, my grandmother wanted me to go under the house and see what was rattling around under there. I said 'Sure' I mean it was just a rattle. Turns out There's like fifty hornets nests down there and her sewage line has busted. We got a plumber out here and fourteen cans of pesticide. The whole thing is a Vietnam Situation.
Vietnam Situation by LeElohm June 9, 2008

Dead Situation 

a situation dats not true, or will neva happin
boy: a shawty i herd u fucked o boy round da block
girl: nigga dats a dead situation he stright kickin da whale wit dat 1.
Dead Situation by poohbaby2505 August 23, 2009

fuck my situation 

Instead of saying, "fuck my life," when ALL of life can't be THAT bad, it is much more appropriate to use the phrase, "fuck my situation."

it makes a direct reference to a specific situation within a conversation noting that a particular event or series of linked event in one party's life are in fact terrible or awkward.
when you're walking to your car from your JUST established fuck buddy's apartment, with him and your other classmate who lives in the complex as he, says "good morning."

you say, "fuck my situation" or "FMS"

this is perfect for FMS because life is still good, you just got laid, BUT someone just noticed.
fuck my situation by Mrs. FMS December 7, 2009