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To leave, go or exit.
I am going to cut out in a few minutes.
by Jan TAYLOR March 06, 2005
to be busted or caught in the act of being badass
I was cutout at dat fire, all muh friendz ran though
by Em Bordeau May 29, 2010
To be drunk, high, or otherwise intoxicated.
KLC: "Yo Reid, I am soooo cut out."
Reid: "F**k it, go pierce your lip."
by Reid.. February 20, 2009