In a risky situation where one more mistake could cause serious consequences.
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When you're on thin ice, you've already done something wrong or questionable, and any further misstep could lead to real consequences.
It signals that patience or trust is almost gone.
"Walking a Tightrope"
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Balance carefully between two difficult or conflicting demands
"Playing with Fire"
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Take a risk you know could seriously hurt you
"On Thin Ice"
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In a risky position with little room for error