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1. Too much or not enough of something as opposed to a steady, moderate amount. Such as work, food, or income.

2. To have a highly polarized, inconsistent flow of a particular resource or commodity.
My hours at work been inconsistent. It's been feast or famine.
by NihilistDom July 10, 2009
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2
Refers to the phenomenon of either having too many women in your life, typically so many that it becomes messy, (feast) or having no women at all (famine).
When it comes to the ladies, it seems like its either feast or famine.
by McSandtrap May 11, 2008
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