No, because it means just what it seems to mean - either there is a lot of good things, or there is hardly anything. It is a cliche.
feast
Feast and Famine - 1914 was released on: USA: 8 July 1914
Famine means: a drastic, widespread food shortage, causing severe hunger and starvation.
famine
Feast or abundance
Yes, at least idiomatically, there is either "feast or famine."The word feast (banquet) does not have any direct opposite, but as a verb it could also be to fast, to abstain, to diet, or more extemely to starve.
Martin - 1992 Feast or Famine 3-11 was released on: USA: 24 November 1994
Once and Again - 1999 Feast or Famine 2-4 is rated/received certificates of: Argentina:13
Once and Again - 1999 Feast or Famine 2-4 was released on: USA: 21 November 2000
Auction Packed - 2011 Feast or Famine 1-3 was released on: USA: 5 March 2011
Yukon Men - 2012 Feast or Famine 2-1 was released on: USA: 22 February 2013
The Twentieth Century - 1957 The Farmer Feast or Famine 8-19 was released on: USA: 25 April 1965