Something you say when something goes wrong in life. Usually you use this phrase when a plan fails, or something bad happens that was unexpected. Also said when a dream you had dies, hence "Rest in Peace" the dream, meaning the dream has died.
When I couldn't find a condom, my girlfriend said "RIP the dream", because we had been planning to have sex for months.
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A phrase used in only the most disappointing and dire situations by the legend Mark Ratajczak when the dream, has indeed, died. When spoken, the whole class holds a moment of silence
Student: "We lost the grand final by 1 point"
Rataz: "rip the dream"
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