Strictly speaking, yes. IIRC the original use of the phrase was to "encourage other admirals to try harder" but over time the usage seems to have been broadened to a more general "as a warning to others".

Opinion seems to be divided as to which interpretation is correct, but I agree that your interpretation seems right.

The thread was already heading towards "little cat heads on little cat pikes" and I didn't want to "encourager" that line of thinking too much wink

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