go down the tubes

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go down the tubes

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

go down the ˈtube/ˈtubes

(informal) (of a plan, company, situation, etc.) fail: The education system is going down the tubes.
See also: down, go, tube
Farlex Partner Idioms Dictionary © Farlex 2017

go down the tube

verb
See also: down, go, tube

go down the tube(s)

and go down the chute
in. to fail totally; to be ruined. I tried, but it all went down the tube. All my plans just went down the chute.
See also: down, go, tube
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 ?
circling the drain: What a struggling company does just before it goes down the tubes: "Jackson knew the company was circling the drain when he jumped ship."
Skylines are of ten chipped to deliver outrageous power - trouble is, reliability goes down the tubes. Also, make sure what you're looking at is a proper GT-R.
20 YEARS AGO THIS WEEK A MASSIVE gamble on Josh Gifford's ill-named Pillager (C Kinane) goes down the tubes in the Eider Chase when the 6 to 4 favourite can only finish third behind Lasobany (P Tuck) and outsider Larry Bell (R Lamb).
And in the process will he get Bryan into hot water as business goes down the tubes?
If you don't you will be held responsible when our economy goes down the tubes.
He's running around like a headless chicken while our health service goes down the tubes and crime runs out of control.