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wipeout (n.)

also wipe-out, 1962, American English, surfer slang, from wipe (v.) + out. Sense of "destruction, defeat, a killing" is recorded from 1968. Verbal phrase wipe out "destroy, obliterate" is from 1610s.

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Definitions of wipeout from WordNet

wipeout (n.)
a spill in some sport (as a fall from a bicycle or while skiing or being capsized on a surfboard);
wipeout (n.)
an event (or the result of an event) that completely destroys something;
Synonyms: destruction / demolition
From wordnet.princeton.edu