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1 definition found
 for hit the skids
From The Collaborative International Dictionary of English v.0.48 :

  Skid \Skid\ (sk[i^]d), n. [Icel. sk[imac][eth] a billet of wood.
     See Shide.] [Written also skeed.]
     1. A shoe or clog, as of iron, attached to a chain, and
        placed under the wheel of a wagon to prevent its turning
        when descending a steep hill; a drag; a skidpan; also, by
        extension, a hook attached to a chain, and used for the
        same purpose.
        [1913 Webster]
  
     2. A piece of timber used as a support, or to receive
        pressure. Specifically:
        (a) pl. (Naut.) Large fenders hung over a vessel's side to
            protect it in handling a cargo. --Totten.
        (b) One of a pair of timbers or bars, usually arranged so
            as to form an inclined plane, as form a wagon to a
            door, along which anything is moved by sliding or
            rolling.
        (c) One of a pair of horizontal rails or timbers for
            supporting anything, as a boat, a barrel, etc.
            [1913 Webster]
  
     3. (Aeronautics) A runner (one or two) under some flying
        machines, used for landing.
        [Webster 1913 Suppl.]
  
     4. A low movable platform for supporting heavy items to be
        transported, typically of two layers, and having a space
        between the layers into which the fork of a fork lift can
        be inserted; it is used to conveniently transport heavy
        objects by means of a fork lift; -- a skid without wheels
        is the same as a pallet.
        [PJC]
  
     5. pl. Declining fortunes; a movement toward defeat or
        downfall; -- used mostly in the phrase
  
     on the skids and
  
     hit the skids.
        [PJC]
  
     6. [From the v.] Act of skidding; -- called also side slip.
        [Webster 1913 Suppl.]

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