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Meaning of feast-or-famine

feast-or-fam•ine

Pronunciation: (fēst'ur-fam'in), [key]
— adj.
  1. characterized by alternating, extremely high and low degrees of prosperity, success, volume of business, etc.: artists who lead a feast-or-famine life.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.