Meaning of the word fiasco in English

What does fiasco mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

fiasco

US /fiˈæs.koʊ/
UK /fiˈæs.kəʊ/

Noun

a complete failure, especially a humiliating one

Example:
The party was a complete fiasco.
The project turned into a financial fiasco.