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What is feast or famine?

What is feast or famine? Here are some definitions.

Noun
  1. (idiomatic) A situation in which something is always either extremely abundant or in extremely short supply.
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Examples
Feast or famine characterizes the workload due to the nature of the high fluctuations in the volume of work related to committee travel, legislative agenda, election periods and a flurry of activity before a long recess.
It's feast or famine at golf clubs and we're feasting at the moment.
Up there in Nunavut, it's either feast or famine, lexicographically speaking.
It's either feast or famine for the fragile Canadian feature-film industry.
However, this still is a team driven by power, which means it often will be feast or famine.
Feast or famine is a normal state of affairs in estate agency, but, even in that context, change has come swiftly.

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