pulled a Leno

1. Setting the bar very low
2. A large bet resulting in failure

"Even though she graduated with honors from Yale, Sally pulled a Leno by working the pole at Billy's Topless"

"Frankie really pulled a Leno when he bet on '3-Legged Horse', 'That's Not a Horse it's a Cow' and 'My Horse is Dead' for the Trifecta"