go down the chute

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go down the chute

To fail; to be ruined or destroyed; to be squandered or wastefully discarded. My father's company is now going down the chute because of the incompetent new CEO. All of our savings have gone down the chute ever since Jack had his little gambling spree in Las Vegas.
See also: chute, down, go
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

go down the chute

 and go down the drain; go down the tube(s)
Sl. to fail; to be thrown away or wasted. Everything we have accomplished has gone down the chute. The whole project went down the drain.
See also: chute, down, go
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.

go down the chute

verb
See also: chute, down, go
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.
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References in periodicals archive ?
Asked why the FSF was so keen to reward those who had been to the last set of qualifying matches, he explained: "Success isn't always there, and if you upset the ones who stuck by Wales through thick and thin then if it all goes down the chute then they may not come back again.