"Do not pass Go. Do not collect $200." is a phrase from the Monopoly board game that has become widely used in popular culture to describe an action forced upon a person that has only negative results.
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Origin
The phrase comes from Monopoly, which has decks of cards called Chance and Community Chest which a player must draw from if they land on specific spaces. Each deck has a card that reads "GO TO JAIL: Go directly to Jail. Do not pass Go. Do not collect $200." Going to jail usually hurts a player as it prevents them from moving, which regularly leads to earning $200 from passing Go, and from landing on and buying property. The cited phrase, "Do not pass Go. Do not collect $200." distinguishes the effect from other cards that move players; other cards use the phrasing "Advance to [a particular location]", which does allow the player to collect $200 if they pass Go during the advance.
Meaning
The phrase is used in popular culture to denote a situation in which there is only one immediate, highly unfavorable, irreversible outcome and has been described as a "harsh cliche". It has also been used in the sense of omitting intermediate tasks while performing an activity.