S&P Dictionary

vague dead.line [vāg dêd'lîn]
noun

1. An unclear time limit. Often implemented with the intent of relaxing time boundaries only to produce an impending sense of doom.
2. A clearly stated deadline that has been utterly ignored and therefor requires de-emphasis. Usage: “Yeah, we figured 3pm sharp was a vague deadline and that it would be OK to get it to you at 6pm tomorrow.”

per.ma.beta [pûr'mə-bā'tə]
adjective

1. An indefinite state of incompleteness. Often symptomatic of highly humble or insecure engineers or agile development and web 2.0.
2. A state of endless anticipation for advance to a higher level. Usage: “Johny wanted to get to third base with Suzy for years. Realizing his relationship was permabeta, he dumped her for Sally 3.0″