also long-shot, in the figurative sense of "something unlikely," 1867, from long (adj.) + shot (n.). The notion is of a shot at a target from a great distance, thus difficult to make. Cinematic sense is from 1922. As an adjective by 1975.
long
-long
long johns
long pig
long run
long shot
long-ago
longanimity
long-beard
long-boat
longbow