It plays on the idea of mercury in a thermometer dropping quickly, signifying a sharp decrease in temperature.
Here are some examples of how it's used:
* "The stock market plummeted after the news of the CEO's resignation." This means the stock prices fell rapidly.
* "Her spirits plummeted when she learned she didn't get the job." This indicates a sudden decrease in her mood or optimism.
* "Sales of the product plummeted after negative reviews were published online." This describes a sharp decline in sales due to the negative publicity.
It's important to note that "mercury plummeting" is a figure of speech and doesn't literally refer to the element mercury. It's used to emphasize the speed and severity of a decline in various contexts.