Often used in sports to describe a team or player losing their previous high performance level. After a series of losses, the champion has certainly gone off the boil.
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Work Performance
Can describe someone's work performance becoming less effective or satisfactory. Ever since the merger, their customer service has really gone off the boil.
Pro Tip 3/3
Colloquial Connotation
Carries a casual tone, apt for conversational use rather than formal writing. Our weekly meetings seem to have come off the boil lately.