• n  a hole into which a plug fits (especially a hole where water drains away)

News & Articles

• Bitcoin Exchange MtGox Faces 'Whirlpool Of Death' As Prices Drop To Lowest Point In Six Months
  In a continuing story , MtGox has further spiraled down the plughole as it released another statement today citing security issues at its offices in Tokyo for the reason withdrawal capability has yet to resume. “In addition to the technical issue, this week we have experienced some security problems, and as a result we had to relocate MtGox to our previous office building in Shibuya.
  Feb. 20, 2014 - International Business Times

Quotes

• Michael Lynagh in Times Online
  In the Wales match, Brian Ashton takes off Vickery, his anointed captain, just when England are starting to go down the plughole,Lynagh said. "I don't care if that was part of the pre-game plan; what you don't do when it's all hands on...
• Andre Agassi in Mirror.co.uk
  Commenting on his battle with early hair loss, Agassi added: "Every morning I would get up and find another piece of my identity on the pillow...... down the wash basin, down the plughole."
• Timothy Kirkhope in EurActiv.com
  Timothy Kirkhope MEP, Conservative Leader in the European Parliament, said: "Having a second Parliamentary seat effectively means pouring millions of pounds paid by British taxpayers down the plughole and such nonsense destroys voters' trust in the...