Fail

Fail is a term commonly used to describe an act of either stupid or misguided origin which results in physical or emotional pain to the receiver, but laughter for those around said receiver.

As A Meme
Fail is one of the earliest noted memes on the internet, and has long been a common theme on messageboards and in the very language of the internet. It is prevalent in games such as World Of Warcraft particularly. Ironically, the term could be used to describe the very people who play the game.

It is the earliest entry on Know Your Meme.