From bartleby.com (http://www.bartleby.com/64/C003/0135.html)
People often confuse the verbs founder and flounder. Founder comes from a Latin word meaning “bottom” (as in foundation) and originally referred to knocking enemies down; people now use it also to mean “to fail utterly, collapse”: The business started well but foundered. Flounder means “to move clumsily, thrash about” and hence “to proceed in confusion.” Thus if John is foundering in Chemistry 1, he had better drop the course; if he is floundering, he may yet pull through.
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