A "Perfect Storm" refers to a rare situation where a combination of events or conditions converge to create a significant and often disastrous outcome. This term is commonly used in meteorology to describe a storm that results from the merging of multiple weather systems, leading to extreme conditions. The concept gained popularity from the book and film titled "The Perfect Storm," which recounts the true story of the Andrea Gail, a fishing boat caught in a powerful storm off the coast of New England in 1991. The term has since been applied to various fields, including finance and business, to describe situations where multiple adverse factors align.