Fabled Also-ran is a term used to describe someone who was once famous or successful, but has since faded into obscurity. The term is often used in reference to a character from Aesop's Fables, the HARE, which is a four letter word. The HARE is a symbol of speed and agility, but despite its best efforts, it was unable to beat the tortoise in the famous race. This story serves as a reminder that even those with great potential can be unsuccessful.