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Failcake 

1. A proverbial cake served to someone who has made a major mistake

2. Used to celebrate a massive fuck up

3. In gaming speak, it is served to a loser after they've been pwnd
The staff members who missed Monday's important board meeting got a failcake.

Congratulations on totaling your new car while driving drunk. Have a nice slice of failcake!

I assassinated your player and served him a failcake. You have been PWND!
Failcake by Panasonicyouth January 4, 2008
Related Words

fartcakes 

cakes made after a woman releases her stinky digestive gas into it
These cakes are fartcakes!
fartcakes by Danielle V October 20, 2008

failcake 

failcake= piece of cake (assignment,task,or etc.) + epic fail (you're a looser)
"Your shirt is inside-out."
"Failcake!!!"
failcake by xlilxstrawberrix April 8, 2009

fartcakes 

Cakes that have been flatulated by a horny woman for sexual pleasure. Inspired by the popular website cakefarts.com
Bobby, don't eat these fartcakes. They smell like craps
fartcakes by Donna Luise October 24, 2008

failcats 

A slang for one or a group to fail extremely.
Dude, look at his haircut, failcats.
failcats by K-Chung December 30, 2009

Failchester 

The noobs name for the double barreled Winchester shotgun in Zombie Panic!: Source

Word used by unskilled players who do not know how to ninja with it and have no idea what appropriate reload timing is.
Zombie: OM NOM NOM NOM NOM
Noob: DAMNIT! I DIED WITH THE FREAKIN' FAILCHESTER AGAIN!
Ninja: *picks up Winchester* *BOOM... BOOM!*
Zombie: Damn hax0rz is what that thar is!
Failchester by Ninja zombie pwner December 2, 2009