Once in a while, we are all caught chasing that flush, and we most probably will lose more than we win. Why do we do it? Probably because we think that we are trapping our opponents, when infact we are trapping ourselves. Here's an example of a hand I played.
I had AK offsuit with 68$, the other player had Q5 suited with 49$. Blinds are 1$/2$. I flat call, Q5 raises to 8$ and I call, everyone else folds. Flop is Ac, Ah, 6c. I check, he bets 10$ and now I know he has either a weaker ace or a flush draw, or KK or QQ. It's really unlikely that he had 66 preflop. So I raise all in and the fool calls. He didn't improve and to make it even sweeter, a king of clubs hit the river to give me a boat.
A few hands later I'm playing the same guy with 36 of diamonds in the big blind. I had 158$ and donkey boy has 100$. I'll tell you what he had .....Ad, As. The flop comes 4h,5h,2h !!!. He moves all in and I call........He had absolutely no outs...and i send him flying and crying over to the rail.
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While is is often unwise to chase these, sometimes the risk does warrant the risk.  When you are one on one, short stacked and gonna blind out anyways you might try and donk the other player who may or may not have the best hand.