underwater
adj.— «Employee and investor attitudes changed profoundly after 2001, as the tech bust rendered millions of stock option grants worthless—”underwater” in valley parlance.» —“Stigma emerges, glitter fades for stock options” by Scott Duke Harris Mercury News (San Jose, California) July 23, 2006. (source: Double-Tongued Dictionary)
Further reading
If you work in tech support, you might use snarky slang for problems caused by computer users themselves. There’s the acronym PEBCAK, for example, which stands for Problem Exists Between Chair and Keyboard. And: a lush poem about the sea inspired by...
In 1916, a small-town newspaper in Pennsylvania printed a fanciful item about a local gathering with a guest list that included, among others, Miss Ella Vader, Mr. Ray Zor, and other punny names. This is part of a complete episode. Transcript of...