1. A proverbial cake served to someone who has made a major mistake
2. Used to celebrate a massive fuck up
3. In gaming speak, it is served to a loser after they've been pwnd
The staff members who missed Monday's important board meeting got a failcake.
Congratulations on totaling your new car while driving drunk. Have a nice slice of failcake!
I assassinated your player and served him a failcake. You have been PWND!
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