Related Clues:

• At the ocean's bottom, as a ship
• Hopeless
• Impossible
• Out of luck
• 'It's a -- situation'
• Forced under water
• -- situation
• Hopeless, as situations go
• Darned-if-you-do, darned-if-you-don't
• Grim, as a situation
• Like a hopeless situation
• Hopeless, as a situation
• Like a Catch-22
• Impossible, and hint to this puzzle's theme
• Unprofitable, as a situation