The phrase references a sense of inevitable defeat or a pessimistic outlook on a situation. Often used humorously or ironically, it acknowledges that things are likely to go wrong. For instance, if a team is severely underprepared for a competition, an observer might invoke the sentiment encapsulated by the expression.
The enduring appeal lies in its concise conveyance of a shared understanding of impending failure or hardship. It provides a coping mechanism through lighthearted acknowledgment, rather than dwelling on the negative aspects. Its cultural impact stems from the 1976 film, embedding it in the collective consciousness as a marker for hopeless endeavors. Its use suggests a degree of resignation, yet it often serves as a precursor to renewed effort or a change in strategy.