Failony

A crime in which you commit an intense fail.

You've just commited a failony, we're taking you in.

Failony

A fail so epic, the perpetrator of said fail should be incarcerated.

Rich: "Hey, do you know how far Russia is from Alaska?"

Dan: "Not exactly. I think they're pretty close though; Sarah Palin said she could see Russia from her porch."

Rich: "And you believed it? Dude, failony."