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Attested in English since 1525-35. From earlier fysel(“to fart”). Related to fīsa(“to fart”). Compare with Swedishfisa(“to fart (silently)”). See also feist.
It could also come from old Norse: "fise" simply means "blow," like in "blow in the wind." A weather-exposed community in Rogaland, Norway, is called Fister. (In modern language, the verb "fisle" has the same 3 meanings as in English, see below.)
The entire project fizzled after the founder quit.
2016 June 27, Daniel Taylor, “England humiliated as Iceland knock them out of Euro 2016”, in The Guardian, London:
And so it fizzled to its close with Gary Cahill galloping around as an extra centre-forward, mutinous chants of “you’re not fit to wear the shirt,” from the England followers and Hodgson’s media staff announcing he would not take any questions.