How is “drop the ball” used?

In Transformers: Dark of the Moon (2011), one line is: “one thing to do, and you drop the ball on that?”

Which movie is “drop the ball” from?

The clip at the top of this page is from Transformers: Dark of the Moon (2011).

to make a mistake and spoil sth that you are responsible for

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to make a mistake and spoil sth that you are responsible for
On the other hand, if you drop the ball, you might be looking for a new line of work
one thing to do, and you drop the ball on that?

Definiciones del Oxford Advanced Learner's Dictionary, 9.ª edición

one thing to do, and you drop the ball on that?

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