A camel is a horse

What does the phrase:
"A camel is a horse designed by a committee"
mean?

It's an ironic expression, used to show that deciding anything by committee, and therefore by taking too many opinions and wish-lists into account, will result in something that's probably vaguely similar to what was originally planned, but which won't be anywhere near as effective as was wanted. A camel and a horse are both ungulates, but the point is that the camel's both ugly and slow in comparison.

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