Fun Fact: I got booted from the gifted program
I am the only student in the entire history of my school district to get booted from a gifted program
That's.. that's not how that works. The "gifted program" is targeted at individuals who process information and make connections differently from "normal" people. Because of this, a lot of people in "gifted" programs are actually those that are struggling in school. There's two reasons for this: the student is very intelligent and has found a way to "work the system", or the student just doesn't grasp the information in the form that the teacher is teaching it (ex: they need hands-on stuff, teacher uses only a whiteboard and lectures).
You can't exactly flunk out of being "gifted". It's aimed at kids with high potential, but not always necessarily the best work ethics.
I used quotations a lot because I think that the program is pretty pretentious. A whole lot of fluff for people to feel special. There are some cases where people do truly need the special attention, but most of the time it's kids with overbearing parents who want them to have every single award or medal possible.