Borrowed from Italian fiasco ("bottle, flask"), from Late Latin flasca, flascō, from Frankish *flaska ("bottle, flask") from Proto-Germanic *flaskǭ ("bottle"); see flask. “Failure” sense comes through French faire fiasco from Italian theatrical slang far fiasco, of uncertain origin; perhaps from an expression fare il fiasco, meaning to play a game with the forfeit that the loser will buy the next bottle or round of drinks.
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