noun (n)

• the channel or break produced by erosion of relatively soft soil by water(noun.shape)

  Example:
  It was several days after the storm before they could repair the washout and open the road.
  

  source: wordnet30
• the erosive process of washing away soil or gravel by water (as from a roadway)(noun.process)

  Example:
  From the house they watched the washout of their newly seeded lawn by the water.
  

  Synonym:
  wash
  

  source: wordnet30
• someone who is unsuccessful(noun.person)

  Synonym:
  dud, flop
  

  source: wordnet30
• The washing out or away of earth, etc., especially of a portion of the bed of a road or railroad by a fall of rain or a freshet; also, a place, especially in the bed of a road or railroad, where the earth has been washed away.(noun)

  source: webster1913