Merriam-Webster Collegiate Dictionary - fast and loose

 adverb  Date: 1580  1. in a reckless or irresponsible manner played ~ with the public purse strings — Paul Stuewe  2. in a craftily deceitful way manipulated evidence…and played ~ with the truth — C. V. Woodward FAST BREAK  noun  Date: 1938 a quick offensive drive toward a goal (as in basketball) in an attempt to score before the opponent's defense is set up  • fast-break intransitive verb