Goat Rodeo means: Situation that’s hopelessly absurd. This is the worst stage of goat-ness. The Goat Rope is the first, which can be found elsewhere. There is also the utilitarian Goat Fuck. It usually takes a lot of effort to get this done. The Goat Rodeo is last. It is the most sinister of all three. This describes an escalating situation involving many people who screw up. It implies that it is impossible to stop the mess from getting worse. It is usually used with a defeatist tone. (in Community Dictionary, added by Matilda Wright)