go down the plughole

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go down the plughole

To fail or be squandered. Primarily heard in UK, Australia. My father's company is now going down the plughole because of the incompetent new CEO. All of our savings have gone down the plughole ever since Jack had his little gambling spree in Las Vegas.
See also: down

go down the plughole

be unsuccessful, lost, or wasted. informal
See also: down