What happens when you are searching for someone on Google Images and you have searched so much that you are only seeing pictures of womens boobs. No more pictures of the person were left.
I was looking for a picture of Lara Croft on Google images and knew I had found the end when I Boobed-Out.
To fail badly at something, while suggesting there was an element of unluckiness or inevitability working against you or the subject of said failure.
A slightly slicker way of saying 'epic fail' or 'botched' and a quicker way of saying 'crashed and burned' while lacking the culpability of 'screwed up'.
a: How'd it go with what's-her-name last night?
b: Ah, I bombed out, but no worries, I hooked up with your sister.
a: Oh... Wait, what?
X: How's the derivatives business going? Still trading CDS and sub-prime mortgages?
Y: Nah, market bombed out, wasn't my fault.
X: Yes it was you sack of shit!