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From The Free On-line Dictionary of Computing (27 SEP 03) : [ foldoc ]
casters-up mode
[IBM, probably from slang belly up] Yet another synonym for
"broken" or "down". Usually connotes a major failure. A
system (hardware or software) which is "down" may be already
being restarted before the failure is noticed, whereas one
which is "casters up" is usually a good excuse to take the
rest of the day off (as long as you're not responsible for
fixing it).
[{Jargon File]
From Jargon File (4.3.1, 29 Jun 2001) : [ jargon ]
casters-up mode n. [IBM, prob. fr. slang belly up] Yet another synonym
for `broken' or `down'. Usually connotes a major failure. A system
(hardware or software) which is `down' may be already being restarted
before the failure is noticed, whereas one which is `casters up' is
usually a good excuse to take the rest of the day off (as long as you're
not responsible for fixing it).