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The expression originally refers to poaching, for which the penalty was hanging whether one poached a big sheep or a little lamb. In terms of plans of action, it means that where the consequence of failure or the penalty for getting caught is the same for the lesser or the greater action, one might as well attempt the greater one.

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15y ago
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Q: What is the meaning of the proverb As well be hanged for a sheep as a lamb?
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