What does it mean when people say "Epic win" or "Epic FAIL"?

Question

Am I the only one who doesn't get this? Maybe I didn't get the memo they were passing out. Where was I when people started doing this? I use the internet everyday, but started noticing this epic win, epic fail outbreak.

I also don't get why people say "FIRST!" when they reach first comment. Do I win an award when I do this? (/sarcasm)

Answer 1

Epic win, in the only context I've ever heard it used, sports, is when a team has a crashing big win over someone and it advances them in some important way into the final ten or whatever.

Answer 2

I've never heard epic win, but epic fail is a monumental/humorous/ironic  failure.

Examples:  some girl was trying to carefully back her car into a spot and ended up about 3 feet over the parking space line.  Her window was down, so I said "epic fail"

Any attempt by an athletic person to jump over an object that ends in them falling in some way is an epic fail.

Getting a test back where the score is unexpectedly low merits an epic fail

when noobs get owned and pwned by their own noobiness, it's epic fail