Isn't business talk great? I'm taking liberties by joining two very different ideas but it does illustrate the point a little. A thumbsuck (as far as I can figure) is a detailed guess, complete with rationale and costings for something completely unknown but which someone higher up the corporate foodchain wants. A train wreck is a complete disaster. I don't think there's any causal relationship between the two - although if there was a big enough thumbsuck on a big enough project, there is every chance that there could be a train wreck as a result.
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