In Colombia it means deception, disappointment, fraud, lie, cheating, appearance, disappointment, package. That looks like it's not. It is acquired with high pretensions and results from lower quality or utility to the expected.
FIASCO: Measure for the wine used in Florence equivalent to a pint of Paris.
seems to be something or someone, when it is not.
Recognition that something which has proved totally below the expectations they had have waited. Behavior diametrically opposed to that had previously, therefore, makes be engulfed in a total frustration, in a total disappointment.