blowout

[bloh-out]
noun
1.
a sudden bursting or rupture of an automobile tire.
2.
a sudden or violent escape of air, steam, or the like.
3.
a hollow formed in a region of shifting sands or light soil by the action of the wind.
4.
an uncontrollable escape of oil, gas, or water from a well.
5.
Aeronautics, flame-out.
6.
Slang. a lavish party or entertainment.

Origin:
1815–25; noun use of verb phrase blow out

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
blowout

noun
1. an easy victory [syn: runaway
2. a sudden malfunction of a part or apparatus; "the right front tire had a blowout"; "as a result of the blowout we lost all the lights" 
3. a gay festivity [syn: gala
WordNet® 3.0, © 2006 by Princeton University.
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Example sentences
What to read at the first anniversary of the blowout.
New plans involving work on a blowout preventer could move officials closer to
  halting the oil.
Submit blowout preventer and well control system configuration information for
  the drilling rig that will be used.
Well bore integrity provides the first line of defense against a blowout by
  preventing a loss of well control.
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