last chance saloon UK /ˌlɑːs(t)tʃɑːns səˈluːn/US /ˌlæs(t)ˌtʃæns səˈlun/ noun2 •(US, historical) A saloon located at the end of a road or the outskirts of a town. •(UK, figurative) A place that one is said to inhabit when facing an imminent disaster with diminishing or limited remaining opportunities to avoid it; a last chance to take action.Unless we find a million pounds by Monday, the company will go bust. We really are in the last chance saloon.
