go on vs lapse

go on is not a noun while lapse is a noun.

Word	Noun	Adjective	Verb	Adverb
go on	No	No	Yes	No
lapse	Yes	No	Yes	No

As verbs, lapse is a hyponym of go on; that is, lapse is a word with a more specific, narrower meaning than go on:

go on (noun)	lapse (noun)
	a mistake resulting from inattention
	a failure to maintain a higher state
	a break or intermission in the occurrence of something

go on (verb)	lapse (verb)
come to pass	go back to bad behavior
continue talking	drop to a lower level, as in one's morals or standards
start running, functioning, or operating	end, at least for a long time
move forward, also in the metaphorical sense	for time to move forward
continue a certain state, condition, or activity	pass into a specified state or condition; sink into
	let slip