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A company that doesn't learn from its past mistakes, has very limited talent, releases an incomplete product, lies to its customers, makes false promises to its customers, and charges its customers' credit cards even after the customers have cancelled the service. Derived from the company Funcom which has all of the above criteria fulfilled.
"I hear Failcom wants to develop an expansion to that POS Age of Conan."
Failcom by plmokn October 3, 2008
Related Words
An increasingly popular slang term short for FAILed COMpany (or Failing Company)

Believed to have originated in the internet forums of the failing software company Funcom, responsible for the disastrous Age of Conan MMO.
1. Failcom are a rubbish software company.
Failcom by Pulonium October 20, 2008

Failometer 

1. A method of measuring how badly any person, action or object failed. Ranging from 1-10 (or higher if the person failed horribly).

2. A device used to measure the caliber of a fail.
Scenario 1:
Person A: I sat on a chair and broke it.
Person B: That sucks, but it's only a 6.5 on a failometer.


Scenario 2:
Person A: The movie 300 was historically accurate!
Person B: Anyone have an industrial strength failometer? Mine exploded after reading that.
Failometer by Nona Suomy September 25, 2008

FailCorn 

To fail as bad as humanly possible. Worse than epic fail.
"A rock got stuck under the lawn mower, when i went to get it out my hand got sliced off because it was still on."
"FailCorn."
FailCorn by TCWCKG August 6, 2009
1. The opposite of awesome.

Derived from "fail" (to not succeed/screw up) and "some" (suffix of "awesome").
Not sure if this chocolate & cheese ice cream is going to be awesome or failsome.
Failsome by MacGyver Rulz February 18, 2010

Failcorner 

Noun (n.) - When you have a moment of failure, this is where you go to contemplate your collective epic shame and failure.
I thought Ohio was a country. I deserve to go to the failcorner.
Failcorner by JessaVonLu August 5, 2009