Definitions for touch and go
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Random House Webster's College Dictionary
touch′ and go′(n.)
a precarious or delicate state of affairs.
Origin of touch and go:
1645–55
touch′-and-go′(adj.)
Wiktionary
touch and go(Adjective)
precarious, delicate, dangerous, risky, sensitive or of uncertain outcome.
Citation
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"touch and go." Definitions.net. STANDS4 LLC, 2013. Web. 22 May 2013. <http://www.definitions.net/definition/touch and go>.