Alright Ima take a stab at forming a picture here even though I doubt it will reach through the static to any real autists.
The Precipice was the edge of the abyss. You can think of it as a fork in the timeline, or a Turning of sorts, whatever. It was that Looking Glass moment where a return to normality was still possible. The Event Horizon, in Star Trek parlance.
We passed it, and are falling down the hole. There is no other shoe to drop. We are living in the dystopian future, described in so many books and movies. It hasn't fully formed yet, which is why the world largely still seems 'normal'. But you and I both know it is not normal. There was a thread linking us to the old timeline, and we waited and waited for it to snap us back.
But the snap back never came. Now it is bug meat, water rations, 99% psy-op communications, and virtual skynet. Maybe we are already nanobot slaves and just don't know it. Its difficult to tell, as the shroud of the Matrix begins to enfold us into its reality. I still know what is 'real' in my immediate circle, the local bubble in which I live. But outside of that is slipping, like we really are watching a movie.
At least we have cats.