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The act of failing or losing when it seemed a sure thing you had it made.
Dude 1: "Remember that one UFC fight with the Sumo wrestler and the little French guy? Sumo was squeezing the shit outta Frenchy! I thought his head was gonna pop!"

Dude 2: "Yeah, then the little guy squirted a punch 'tween fat bastard's moobs and totally busted his nose. Ref called a TKO."

Dude 1: Fatty totally snatched defeat from the jaws of victory, there.
by Bructus August 12, 2010
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