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hit the skids

Slang definitions & phrases for hit the skids

hit the skids

verb phrase

  1. To fail; go belly up: But if HBJ hit the skids, could the building ensure the integrity of retirees' pensions?
  2. To show a precipitous decline; fall disastrously: Home sales are down and sales of large cars have hit the skids/ Eventually they had hit the skids

[1918+; skids are various planks or rollers used to move heavy objects]

The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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