severe and shocking disappointment

The term's origins come from the 2014 Scripps National Spelling Bee. When Jacob Williamson was given the word "kabaragoya," he exclaimed "I know it! I totally know it!" However, he spelled the word with a "c" and was eliminated.
"You guys lost today? I thought you said that team was bad."
"Yeah, I know. We played awful. Total kabaragoya."
by Agkul Amanmuradova June 3, 2014
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