I am doomed but there is a way

In continuation with the earlier post where i just explained my condition in IIIT-H, as you would consider me a fool for not acting if able to act where you may be correct but now as the time as passed what can i do now? In final year with cgpa of 5.04 and this semester going worse than all previous there is bound to be pressure and with no placement what my family is going to do. I dont' wan't to explain what i did in 2 and half years after the first year which was ok ( cgpa of 6.3) as what i does in present and future is what matters. But has the water gone above the well that no matter how much i try my family's plans have been ruined i have brought them misery in no time and i just wish if there was a way out of this and although what has been done is done, my life is still left. My family will be disappointed and feel cheated because i lied and didn't study , will they enroll me in the institute again that if institute gives me another chance . Although i wished institute should have just kicked me out in the first sem in 4 th year so that i could start from scratch but this institute is just another money greedy lazy as a whole and doesn't want failure students that's why they kicked one of my friends vidheer(after sucking as much money as they could) although i don't know if it was his decision or institute's. Placement seems to be out of question as lots of credits will be left.
So there are two options now:
      (1) Institute keeps me here, parents enroll me again (believing me) and i Dipankar Lal give my best under pressure.
      (2) Institute kicks me out , my parents are doomed and i Dipankar Lal am free to give my best.

I don't have problems with either but the first one takes the burden off my family. So hopefully institute goes with the 1st or whole money which my parents spend will be for nothing.

Thanks for reading again.