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An undesirable state of being, for either a person or a group. A place of anger, shame, humiliation and fear. A term used to describe individuals mood, attitude and metaphysical location.
Yo, The Giants are down 42-7
Oh My God, we are in The Shit Festival...

Dude, you didn't lock the keys in the car, did you?
... We are in The Shit Festival
by G. Sant October 17, 2010
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Jul 24 Word of the Day
It’s an acronym standing for Can’t Remember A Fucking Thing. It’s usually used to describe embarrassment at being unable to remember someone (CRAFT moment); going onstage as the lead in the latest theatrical performance and your mind goes completely blank (CRAFT situation); the next morning after a night when you got pissed as a fart and woke up in bed cuddling a traffic cone and a string of fairy lights wound round your prick.
“Where did you go after we left the pub?”
Dunno, CRAFT.”
by AKACroatalin November 07, 2015
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