go down the chute

go down the chute

To fail; to be ruined or destroyed; to be squandered or wastefully discarded. My father's company is now going down the chute because of the incompetent new CEO. All of our savings have gone down the chute ever since Jack had his little gambling spree in Las Vegas.
See also: chute, down, go
Farlex Dictionary of Idioms.

go down the chute

 and go down the drain; go down the tube(s)
Sl. to fail; to be thrown away or wasted. Everything we have accomplished has gone down the chute. The whole project went down the drain.
See also: chute, down, go
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs.

go down the chute

verb
See go down the tubes
See also: chute, down, go
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions
See also:
  • go down the drain
  • go down the toilet
  • down the drain
  • down the toilet
  • toilet
  • go down the tube
  • go down the tube/tubes
  • go down the tubes
  • go down the plughole
  • in the shitter
References in periodicals archive
Careless governments will need to work harder or go down the chute earlier.
"After one trawl, I suggested we take all fish that normally go down the chute straight back into the sea, into baskets on the deck.
The housing officer was rude and discourteous, insisting if the package was small enough it would go down the chute.
She insists it is not necessary for her to go down the chute as well.
Eventually they managed to open the doors and told us to go down the chutes."
"Eventually they managed to open the emergency doors and told us to go down the chutes. There were fire engines waiting and then we were all ushered into a bus then to the airport.