Meaning of handbasket

hand•bas•ket

Pronunciation: (hand'bas"kit, -bä"skit), [key]
— n.
  1. a small basket with a handle for carrying by hand.
  2. to degenerate quickly and decisively: The economy has gone to hell in a handbasket.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also: