In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase. Let something slip through one's fingers

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.
Let something slip through one's fingers
1). Lose a wedding ring
2). Not be able to understand a difficult concept
3). Let go of certain unpleasant things
4). to waste an opportunity to achieve something

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