When one is trying to be humorous (or witty) in a statement about a subject when they are either misinformed and/or believe they are correct despite it is obvious that they are not correct as well as being a play on the word "Telegram" used to describe someone who isn't effectively or properly getting their point across.
Josh tried tried so hard to make a comeback when Cody insulted his girlfriend for sleeping around with three other guys last week, but he couldn't get the words out right at all. Total failagram.
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