This word can be used as an excuse for anything in a time of economic hardship.
Go on try it next time you have to make an excuse for somthing, It's the lazy mans weapon against all that try and combat his laziness.
Moaner: Why don't you get a job and make somthing of your life?
Uber-cool-lazy-man: Full on recession
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Teacher: Why havnt you done your homework?
Student: Full on Recession
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Wife: Get off your ass, stop watching T.V and take the Kids out somewhere!
Uber-cool-lazy-man: Can't, Full on Recession. I'm feeling the pinch.