Runge phenomenon
Wild, growing oscillation near the ends of the interval when a smooth function is interpolated at equally spaced nodes of increasing degree -- more nodes make it worse, not better.
The Runge phenomenon is the failure of equally spaced polynomial interpolation to converge as the degree n increases, for some perfectly smooth functions -- most famously f(x)=1/(1+25x^2) on [-1,1]. Rather than the interpolant settling down toward f everywhere as n grows, the error near the endpoints of the interval grows without bound, even though the error near the center stays small. It is a property of the node placement, not of any flaw in the interpolation formula itself.
Examples
Interpolating f(x)=1/(1+25x^2) at 20 equally spaced nodes on [-1,1] oscillates so wildly near x=\pm1 that the interpolant is a WORSE fit than a much lower-degree one.
See also