Define Epic Of The Failage Meaning

Epic Of The Failage
It is a moment when some epically fails.It is usually said to a person who fails at life.It is the uber word that PWNS!

BlackGuy:Did you see Chris Crocker?!He is soo gay!
WhiteGuy:Shut the fuck up NIGGA!
BlackGuy:NO YOU FUCKING SHUT UP ALBINO HOE!
AsianGuy:Wow...this moment is...EPIC OF THE FAILAGE!
By Lyda