[1] : The Collaborative International Dictionary of English v.0.48

handbasket \hand"basket\ n.
   a container that is usually woven and has handles.

   syn: basket.
        wordnet 1.5

   go to hell in a handbasket to deteriorate substantially and
      quickly; as, after they lost the contract, the company's
      profits went to hell in a handbasket.
      pjc
see also:
go to hell in a handbasket 

[2] : WordNet (r) 2.0

handbasket
     n : a container that is usually woven and has handles syn: basket
see also:
basket 

Handbasket >> H Words
Handbasket, definition of term: Handbasket
handbasket_pag1.html