Slang One that is in an entirely hopeless or worthless problem: "He instantly becomes a psychological basket case, embittered to the point of craziness” ( Nyc). "After World War I, as soon as the Hapsburg empire was split-up, small Austria felt a basket situation” ( Paul A. Samuelson).
Offensive Slang an individual, especially a soldier, that has had all limbs amputated.
One made powerless or ineffective, as by nerves, panic or anxiety.
A country in a challenging financial or financial situation.
A theory or system of social reform which contemplates a complete reconstruction of society with a more just and equitable distribution of property and labor In popular usage the term is often employed to indicate any lawless revolutionary social scheme See Communism Fourierism Saint Simonianism forms of socialism...