Sometimes we enjoy great success (a win, victory) in some endeavor: but someone comes along to point out a negative (a defeat) instead of being happy for the win. My friend, we shouldn’t let these people bother us.
To “snatch victory from the jaws of defeat” means that, in spite of the fact that we are losing, we pull off a win.
“To snatch defeat from the jaws of victory” is the opposite, it looks like we are winning and then we still lose.
These are terms that have been used to describe everything from outcomes of military battles to sporting events.
There’s another way that I’d like to apply the latter phrase.
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