"Epic Fail" is a term used to describe a significant mistake or failure that is often humorous or embarrassing. It typically refers to situations where expectations are high, but the outcome is drastically poor. This phrase is commonly used in internet culture, especially in memes and social media, to highlight moments of blunders or mishaps. The concept of an "Epic Fail" can apply to various contexts, including sports, business, or personal endeavors. It serves as a reminder that everyone makes mistakes, and sometimes those failures can be entertaining or serve as valuable lessons for future attempts.