Definition
A situation in which something is always either extremely abundant or in extremely short supply.
See Also
- binge-and-purge
- famine or feast
How People Actually Use It
1. Too much or not enough of something as opposed to a steady, moderate amount. Such as work, food, or income. 2. To have a highly polarized, inconsistent flow of a particular resource or commodity.
"My hours at work been inconsistent. It's been feast or famine."
Source: Urban Dictionary