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What is a tailspin?

What is a tailspin? Here are some definitions.

Noun
  1. The rapid, uncontrollable descent of an aircraft in a steep spiral.
  2. A severe mental or emotional collapse; emotional breakdown.
  3. Any sharp, sustained, often uncontrollable descent or decline.
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Examples
But now, if the doom-mongers are to be believed, the group will tailspin and be sold off bit by bit to the highest bidder.
With business activity fading and IT investment in a tailspin, many now fear that productivity will continue to hit the skids.
Paramount among those is a surprise pullback by consumers, which could send the expansion into a tailspin.
About 600 miles out, Erwin broadcast a frantic message that he was in a tailspin and headed for the ocean below.
An Arsenal defeat could lead to a desperate tailspin damaging the two crucial cup ties that come along in February.
The 22-year-old already is in a tailspin, having failed to get out of the fifth inning in each of his last three June starts.

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