Fiasco, baby! Let me tell you!
“The light draft monitors fiasco...” - Angus Konstam, Union Monitor 1861-65, 2002
“...20 light draft monitors of the Casco Class. Total cost in public funds for this fiasco...” Battle Cry, newsletter of the Sacramento CWRT, 2006
“Casco Class: This class of light-draft monitors... proved disastrous and the entire class was an expensive fiasco for the Union.” - Union Coastal Ironclads page of the Ironclads and Blockade Runners of the American Civil War website (seems to date from the late 1990s)
“US Civil war, Shallow draft monitor fiasco” - Topic, Naval Weapons Discussion Board, 2006
“What a fiasco with the entire Casco class...” Discussant on ageod game forum, 2007
To some, a good cliche is like a fine, vintage wine.
A really good cliche will also rhyme for the added value of mnemonics.