go down the drain

go down the drain

To fail; to be ruined or destroyed; to be squandered or wastefully discarded. My father's company is now going down the drain because of the incompetent new CEO. All of our savings have gone down the drain ever since Jack had his little gambling spree in Las Vegas. We had big plans for our trip, but everything went down the drain when that storm rolled in.

See also: down, drain, go

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