When at&t gives you a phone that looks good in the commercials, then you get it and find out that AT&T stripped down the best features of it, added their own crappy apps that are non-deletable, and crippled it (made it insanely harder to unlock or "root")
Person 1: Dude, I just got the Xperia x10 from at&t.
Person 2: Really?! I heard it was a cool phone, what's it like?
Person 1: Its stupid. It's got the stupid AT&T Death Hold on it. I tried everything and it just doesn't work through the Death Hold
Person 2: Aw, that really sucks, man. That's At&T for ya.
1. When someone says this they are describing a current situation that is not supposed to be easy.
2. A situation that cannot be solved easily.
3. Something that isn't a walk in the park.
4. Exclaiming that you are not satisfied with a situation.
Kyle: Dude lemme borrow your truck.
Marc: This aint no picnic!
Kyle: C'mon man it's Friday let's hit the weights hard today.
Marc: This ain't no picnic!