Referring to a sailboat, a failboat is a boat powered by a large amount of fail while heading towards a specific goal or destination of complete and utter failure.
I told Jack not to get on the Titanic. I told him it was a Failboat.
Captian Jack Dawson가 작성 2009년 07월 23일 (목)
A failed orginization or group of idiots. Doomed to failure and full of ineptitude, they still contiune to sail away on the sea of stupidity.
In extreme circumstances, one man can be catergorized as a failboat in and of his/her self.
Pictures of capsized or rolled boats usually shown as an example of what happens when the crew does something.
Hi! Im Al Gore and I invented the internet. Today I will be your captain of the SS Failboat.
BUBBA ROFLcopter JR가 작성 2007년 08월 15일 (수)
A term you use when someone fails or does something wrong, implying in a joking way that it was really bad or that it went wrong because they were stupid.

It is in reference to "fail boat" pictures on the internet (google image search it) which ususally depict a boat that is sinking or capsized with the words fail boat underneath.

If this were to be put on a scale of failure then it would be just below the term "epic fail".
If someone or something has failed or is on its way to failure then you would say:

"All aboard the Fail Boat!"

or

"Your shipment of Fail has come in!"

If your on instant messanging or emailing then you would usually attach a picture too because the joke is rooted in the pictures and is funnier if you use a different one each time.
Richybuoy가 작성 2009년 04월 06일 (월)
Someone who constantly fails at something, and generally Life in its self. Can be told to the person as a pay out.
Excuse me, sir can i plz ride take a ride on your fail boat.

Hey lets all jump on to this noobs fail boat and take a ride down Fail Lake.
World Owner가 작성 2008년 10월 02일 (목)
A common reference to the boat "The Titanic."
basically, the word means any floating object that was clearly poorly designed, causing it to fail.
Example:
"Here is your fail shipment: One Fail Boat."
"Oh, you mean the one made out of lead?"
"Yep."
Mr Awesomesauce가 작성 2010년 03월 08일 (월)
Another name for the titanic,which was the biggest failure in boating history.
I used to be a sailor just like you, then I took a failboat to the knee.
I'mAddictedToUrbanDictionary가 작성 2013년 03월 22일 (금)
n. A subcategory of fail images. Failboats are pictures are of a boat that has something seriously wrong with it, usually from a severe act of stupidity, but not necessarily.
(photograph shows a tanker in the process of capsizing right next to the dock, dumping all of its cargo into the ocean)
CAPTION: Failboat always delivers
Frank VB가 작성 2008년 09월 07일 (일)

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