Estimates or budget forecasts which are accepted and believed right up until reality says, No, this will not happen. This is not optimism which seeks the best--it is a result of over-proceessed information and spin, or self-referential data processing. Example: I am very strong. My elasticfact for the weight I will lift is 500 kg. GRRR Uhh! Grrrrrr ... OK, let's try an elastifact of 100 kg.
ELASTIFACT
Meaning of ELASTIFACT in English
Slang English vocab. Английский сленговый словарь. 2012