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Feast or Fired is a professional wrestling match concept featured in Total Nonstop Action Wrestling (TNA). The idea is based on the object on a pole match, which sees wrestlers trying to gain possession of items hanging from poles attached to the ring posts. In this case, the participants in the match try to grab one of four briefcases from the poles. In the match itself, wrestler can only claim a briefcase if he/she leaves the ring with it and both feet touch the floor.
Stipulations
Inside each of the briefcases is some sort of paperwork. One of the cases holds a contract for a TNA World Heavyweight Championship match, one holds a contract for a TNA X Division Championship match, and one holds a contract for a TNA World Tag Team Championship match (with a partner of that wrestler's choosing). And (until 2017) the fourth and final briefcase contained a pink slip, which fires the wrestler carrying it (in 2016 the X Division title was removed from the mix, replaced by the - now defunct - TNA King of the Mountain Championship).
Feast or Fired is comparable to the Money in the Bank ladder match conducted in WWE with the difference that WWE only offers one briefcase and the winner of its match has a guaranteed shot at a World Championship.
The winners of the briefcases do not reveal what is in them that night. Instead, an in-ring segment is done on an episode of Impact Wrestling sometime afterward. Before the contents of the cases are revealed, each wrestler is given a choice to keep their case or forfeit it. If a wrestler chooses to forfeit the case, he loses whatever is inside. For example, if the wrestler forfeited the case with the pink slip in it, he would not be fired but would have lost out on a title match if the case had a contract inside.
After the 2007 Feast or Fired match, a follow-up "Feast, Fired or Fifty Grand" match took place, where the four briefcase winners (who had yet to find out what was inside their cases) competed in a four-way match in which the winning wrestler had the option to exchange their case for a $50,000 prize, or another winner's case. This was the only year this type of match took place.
Once a wrestler wins a briefcase, it may be (and has been) defended in matches similar to the way championships are.
The allocated time period during which a wrestler must invoke their title opportunity has not been explicitly stated, all that has been said is that the title opportunity can be invoked "anywhere, anytime", making it similar in fashion to the aforementioned WWE contract, however, most have assumed that the contracts are good for one year due to the match taking place annually.