Definition of craters:
(n) :
(astronomy) A hemispherical pit created by the impact of a meteorite or other object.
(n) :
(geology) The basin-like opening or mouth of a volcano, through which the chief eruption comes; similarly, the mouth of a geyser, about which a cone of silica is often built up.
(n) :
The pit left by the explosion of a mine or bomb.
(n) :
(informal, by extension) Any large, roughly circular depression or hole.
(v) :
To form craters in a surface.
(v) :
(figurative) To collapse catastrophically; to become devastated or completely destroyed.