Australian and New Zealand slang for a person who shows courage; also, a spectacular failure or crash.
From 'guts' (courage) plus agent suffix '-er' (one who does). Australian slang development from 'gutsy,' with dual meanings depending on context—bold person or bold failure.
Only in Australian English could the same word mean both a brave person AND a spectacular failure—it shows how the Aussie slang embraced the gutsy spirit of taking dramatic risks that could either triumph or catastrophically flop.
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