"Sinking ships" is a phrase used to describe something or someone who is on a downward trajectory or facing imminent failure. There are several synonyms for this phrase, including a "lost cause," "doomed venture," "faltering enterprise," "crumbling organization," or "failing project." Other commonly used phrases include "going under," "falling apart," "crashing down," "on the brink," and "in dire straits." These words and phrases convey a sense of impending doom and emphasize the seriousness of the situation. They are often used to describe businesses, relationships, or other endeavors that are experiencing significant challenges and struggling to survive.