From Longman Dictionary of Contemporary Englishblowoutblow·out, blow-out /ˈbləʊaʊt $ ˈbloʊ-/ noun [countable] 1 TTCa sudden bursting of a tyre → puncture I had a blow-out on the driver’s side.2 [usually singular] informalCELEBRATE a big expensive meal or large social occasion We went for a real blow-out to celebrate.3 WIN American English informal an easy victory over someone in a game4 TPGa sudden uncontrolled escape of oil or gas from a well
Examples from the Corpus
blowout• A tyre blow-out destroyed his first attempt, injury ended the second.From Longman Business Dictionaryblowoutblow‧out /ˈbləʊaʊtˈbloʊ-/ noun [countable] informal1COMMERCEFINANCEwhen a business fails or a financial market falls very quicklyBull markets always end in a speculative blowout.2FINANCEa very successful period of time for sales or profitsMicrosoft’s performance was slightly better than expectations, but it wasn’t a blowout quarter.3in oil exploration, when pressure from under the ground causes oil to flow in an uncontrolled waya platform blowout that spilled thousands of barrels of oil into Santa Barbara Channel 