go down the plughole

(redirected from went down the plughole)
Also found in: Dictionary, Thesaurus, Encyclopedia.

go down the plughole

To fail or be squandered. Primarily heard in UK, Australia. My father's company is now going down the plughole because of the incompetent new CEO. All of our savings have gone down the plughole ever since Jack had his little gambling spree in Las Vegas.
See also: down

go down the plughole

be unsuccessful, lost, or wasted. informal
See also: down
References in periodicals archive ?
Alas, Ireland's chance of revenge against the Scots for the earlier rugby debacle went down the plughole when Hendry battered our Ken in the final frame
But Tory Euro-sceptic Sir Teddy Taylor said: "The short-term problem Toyota face in selling cars to Europe when the pound is strong would be nothing compared with the long- term problem if Britain joined the EMU and went down the plughole.