The final general position on inerrancy is that which denies it completely in every form. This is usually a reactionary position to the all-or-nothing mentality of some fundamentalists (the bad kind). These people view the Bible as a purely human product. It is no more inspired than the latest Dean Koontz novel or the most recent book that Oprah has endorsed. It is simply a man-made collection of ancient documents used by religious people to inspire and control them.
The problem is, it ceases to be a truly divine work. Since it is no more inspired than any other collection of ancient documents, it has no more authority than they do.
There is also somewhat of a slippery slope when one chooses to adhere to this position. If God didn’t create the earth in 6 literal or metaphorical days, than one is free to question whether God even did so at all. If not, than the very foundation of our world (in God we live and move and have our being) is a lie, and thousands of years of human history has been consumed with the worship of a delusion.
This is not to say that there is not some benefit to this position.
The greatest advantage to this view is that one is completely free to disobey any word in the Bible they choose with no noticeable consequences, as long as one is not hurting someone else of course. Since the Bible is purely human, you are free to treat it with the eye of a literary critic. You can cut it to pieces, judge it, condemn it, love it, or hate it.
Another advantage is that, to even remotely understand the texts, one must have as good of an understanding of the culture in which they were written as possible. And this is something that many Christians fail to acknowledge save for when it makes a good point. Rather, if the Bible is just a book, with no divine hand in inspiring it, to understand it, one must understand the culture and the history of that culture.
Again, the problem is, this puts all of the Judeo-Christian story in a precarious position. And so, in response, one as to reinvent the wheel so to speak. One has to redefine all of the Judeo-Christian heritage under idea of myth rather than religion, at which point it all becomes a joke of sorts.
Needless to say, for a Christian to deny God’s hand in the authoring of any part of Scripture poses a dilemma. But, to say that God had nothing to do with the Bible whatsoever makes that dilemma even worse.