[very common] The result of a bug or malfunction. This is a mass or collective noun. "What a loss!" and "What lossage!" are nearly synonymous. The former is slightly more particular to the speaker's present circumstances; the latter implies a continuing {lose} of which the speaker is currently a victim. Thus (for example) a temporary hardware failure is a loss, but bugs in an important tool (like a compiler) are serious lossage.
[glossary]
[Reference(s) to this entry by made by: {ABEND}{BASIC}{buffer overflow}{flaky}{losing}{loss}{peek}{screwage}{stoppage}]