When a magnitude of a problem as a consequence of an action goes beyond a simple mistake, it is otherwise known as a failstake. However, failstakes rank under the degree of epic fail.
"I tried to wipe Mr. Krabby's first dollar with your tie and ended up covering the whole thing with paint by mistake."
The act of flogging one's penis in an ineffectual attempt to achieve arousal and/or climax. Typical attempts last 2-3 hours. Epic attempts can last several days.
Rich failsturbated so hard he irreparably damaged his dojj. What a failsturbation!?!?!
When you try to make an omelette but fail to keep it together, it is a failette.
Can be applied to anything ending in "ette" that you fail to pull off. See also, failet.