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1. an act or instance of failing or proving [unsuccessful]; lack of success 2. nonperformance of something due, required, or expected 3. a subnormal quantity or quality; an insufficiency 4. deterioration or decay, esp. of vigor, strength, etc. 5. a condition of being bankrupt by reason of insolvency. 6. a becoming insolvent or bankrupt 7. a person or thing that proves [unsuccessful] Usually said in place of "Fail" in a [conversation]. In order to be used correctly, it's said in all caps as so: FAILEO.
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