What it means
Means you’ve ended up right where you started, with all the effort in between basically wiped. You use it when a plan collapses, the client flips, or you realise you’ve been working off the wrong info. It’s not fancy, just a handy way to say, yep, we’re starting again from scratch, and it’s proper annoying.
Usage examples
"We spent all morning building the deck, then realised we'd measured in inches not centimetres. Boss sighed, back to square one, lads."
"The deal fell through at the last minute, so we are back to square one and house-hunting all over again."
"One wrong setting wiped the whole document, and just like that we were back to square one."
"We finally fixed the app, then the update corrupted the lot. Back to square one, cheers for that."
"Thought we'd sorted the visa paperwork, then they emailed saying we'd used the wrong form. Lovely. Back to square one."
Where it comes from
The exact origin's a bit disputed, but the phrase is strongly linked to British radio football commentary from the 1920s and 30s. Pitches were sometimes split into numbered squares for listeners, and square one meant the starting zone. If play got hauled back there, you were right at the beginning again.