Fiasco, a term borrowed from the usage of the Italian theatre, and now naturalised in France, Germany, and England, for a failure in acting or singing, or by extension of the metaphor for a failure of any kind. In Italy it is not uncommon to hear an audience cry out, 'Ola, ola, fiasco,' even when the singer has only made a single false note. The word means literally 'a bottle,' and its metaphorical use may contain an allusion to the bursting of a bottle.
Fiasco
Chambers's Encyclopaedia, Volume 4: Dionysius to Friction, p. 605
Source scan(s): p. 0620