This has to be the most exhilarating piece of  business news this week.

Crocs (you know them dastardly and fugly plastic clogs; your neighbour has a pair) are so heavily in debt that they might shut down. The Cut and the Washington Post report that the company lost $185.1 million and have until September to pay off its debt of millions to creditors. Seems the company is vehement that the shut-down won’t happen and has, bizarrely, roped in George Cloony to work with the company.

???????????? Say what? Mr. Swanky Nespresso George? Piss off.

The Post says the demise of Crocs “…mirrors the country’s tale of economic expansion and contraction” and “… ramped up manufacturing to keep up with demand, only then to find shoppers were snapping their wallets shut.”

Well, if anything, Crocs should have a place in the textbooks since its phenomenon is nothing short of a convoluted social/fashion anomaly on a very, very grand scale.  Apparently, both George W. Bush and Steve Tyler (Aerosmith) wore them. Ok, perhaps not the best examples even if injected with irony.

I’m happy that Crocs will no longer be seen on feet (if the news is true and if anything still makes sense in the world). BUT if the closure of Croc’s brings about a mad rush for limited editions of the plastic uglies, I will literally combust and reincarnate as a Croc squid charm. Because there’s simply no fighting ill-logic and bad taste.