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Re:Don't Start Big, Start a Little Snowball by elgenie on Tuesday September 13, 2016 @12:42AM (#12485675)
The cited first sage of "goat"-as-common-idiom-for-failure in that article is from 1912.

The acronym dates back to maybe 1992 or thereabouts: http://www.grammarphobia.com/blog/2016/07/goat.html

GOAT, the positive acronym, isn't even used in today's sportswriting about basketball (at least without an unpacking explanation). It's more of a slang / online forum term.

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