What if we had an election and nobody won?

We need a new option on election ballots – “None of the Above”. If none of the parties manage to field a platform or a candidate worth my vote, I should be able to express that fact in a meaningful way and still have my voice heard. If “None of the Above” wins in my constituency, then there MUST be a new election, with NEW candidates (the same hacks cannot run again). We could really weed a lot of crap out of our government that way, and possibly increase voter turnout – why vote it you do not approve of any of the options?