We explore upper limits for the largest avalanches or catastrophes in nonlinear energy dissipation systems governed by self-organized criticality (SOC). We generalize the idealized "straight" power low size distribution and Pareto distribution functions in order to accomodate for incomplete sampling, limited instrumental sensitivity, finite system-size effects, "Black-Swan" and "Dragon-King" extreme events. Our findings are: (i) Solar flares show no finite system-size limits up to L < ∼ 200 Mm, but solar flare durations reveal an upper flare duration limit of < ∼ 6 hrs; (ii) Stellar flares observed with KEPLER exhibit inertial ranges of E ≈ 10 34 − 10 37 erg, finite system-size ranges at E ≈ 10 37 − 10 38 erg, and extreme events at E ≈ (1−5)×10 38 erg; (iii) The maximum flare energy of different spectral-type stars (M, K, G, F, A, Giants) reveal a positive correlation with the stellar radius, which indicates a finite system-size limit imposed by the stellar surface area. Fitting our finite system-size models to terrestrial data sets (Earth quakes, wildfires, city sizes, blackouts, terrorism, words, surnames, web-links) yields evidence (in half of the cases) for finite system-size limits and extreme events, which can be modeled with dual power law size distributions.