1.EX fiancee of Gerard Way, amazing frontman of My Chemical Romance and writer of The Umbrella Academy
2.Term used among some My Chem fans for a backstabber, or skanky bitch.
1. "Gerard was engaged before Lyn-z
?" fan 1
"Yes, her name was eliza cuts" fan 2"
2. "OH MY GOD! YOU CHEATED ON HIM! YOU"RE SUCH AN ELIZA CUTS!"