The Battle of Caporetto was a resounding defeat for Italian forces, sending them into full-on retreat from the Austro-German advance. However the Italians stalled their advance at the First Battle of Monte Grappa, defending the plains toward Venice and stabilizing the front, later scoring a decisive victory on the Piave that mortally wounded the Austro-Hungarian Empire. However, what if somehow the Italians failed to stabilize the front and the Austrians and Germans pushed even further into Italy, maybe even seizing Venice? Would this knock Italy out of the war, and if so how would this affect the rest of the Entente? What demands would the Germans and Austrians subject on Italy? Would losing both Russia and Italy push Britain and France to the negotiating table? How would the Italian people respond to losing the war? Earlier Biennio Rosso, perhaps a red revolution? Or would Mussolini step in earlier than IOTL? With victory in Italy would the Germans and Austrians be able to transfer more forces elsewhere? Could this win them the war?