Posted by Jonathan Labaree on May 11, 2004 at 20:42:18 from 207.5.234.19 user JLabaree.
In Reply to: Re: Racundra posted by Peter H on May 11, 2004 at 18:58:07:
Never really thought about that expression before, but (not so funny) it is also used to refer to people: "lost at sea".
Wonder if it derives from, or is the derivation of, "loss of life" (prob. the former).