Failure is simply the non-presence of success. But a fiasco is a disaster of mythic proportions.
Everything in the world has a life span and We (the Self) are without a life span, so how can the two correlate? To make association with those with a life span (mortal), we too have to become one wit...
(n.) A complete or ridiculous failure, esp. of a musical performance, or of any pretentious undertaking.