Niagara FAIL
So let’s say your a programmer and are trying to come up with a way to show that your software has hit a snag. You can use lights or a text display. Previously with many text displays, programmers tended to use the text “Err” to impress upon the viewer that their software has a flaw. Apparently for the programmers of this binocular, “Err” just wasn’t good enough or tragic enough (or the programmer was browsing too many “FAIL” images on the web.)