The word sees frequent use in climbing circles. Epic usually means a climb where a lot of things went wrong or someone danced where angels fear to tread.
The word means deeds or stories about deeds done on an impressive, or imposing scale with a strong implication of heroism. Alternately, it can also mean deeds extending beyond the usual in size or scope (Merriam-Webster).
I am totally in agreement with Zen. The word is over used. However, it's a word with a lot of punch which means it's like crack for people who write advertising copy. However, if we do come up with something else, they'll just over use that word too.
re-cur-sion ri'-ker-shen n: see recursion