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Borrowed from Italianfiasco(“bottle, flask”), from Late Latinflasca, flascō(“bottle, container”), from Frankish*flaskā(“bottle, flask”) from Proto-Germanic*flaskǭ(“bottle”); see flask. “Failure” sense comes through Frenchfaire fiasco from Italian theatrical slang far fiasco(literally “to make a bottle”), of uncertain origin; perhaps from an expression fare il fiasco, meaning to play a game with the forfeit that the loser will buy the next bottle or round of drinks.