1.NounA saloon located at the end of a road or the outskirts of a town. .mw-parser-output .defdate{font-size:smaller}
2.NounA 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."