go down the chute(redirected from going down the chute)
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.
go down the chuteand 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.