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 ?
"I've gone down the chute every year since." In 1999 adopted-Steenhiver Bruce was given the honour of officially opening the pool for the season.
"People were saying that a baby girl from the fifth floor had gone down the chute. It's strange because I don't remember seeing anyone pregnant or carrying a young child around, so there's a chance they might not have lived here long." The neighbour added: "It's a real shock to have something like this happen around here.
I grew up in a city where going to CP for lunch was a family treat and hanging out at Wenger's or outside Keventers an affordable dating option, but that great experience has gone down the chute thanks to the long time the NDMC took to carry out its still- unfinished renovation project.
He must have gone down the chute like a ton of bricks.
But they're voting just the opposite way, because - guess what - all these things have gone down the chute. If people don't wake up and figure that out, and then go act on what every third grader knows, then we deserve what we get.