similair to nippin' out, a phrase used to create an awkward situation, stating that you are aroused, creates the same affect as saying something along the lines of "boner achieved"
Carlton: hey guys, I'm totally dickin' out

(frank enters)

Frank: dude, quit looking at mom like that

Carlton: I really should not have worn sweatpants
by inverted gnoltoof July 6, 2010
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For when people, particularly men, back out of something because they're scared or don't have the guts. Dicks are anatomically weaker than pussies, one quick tap to a dude's dick and he's on the floor crying. Meanwhile, women are giving birth from their pussies.
"Yeah, Chad is dickin out right now."

"Kyle is such a misogynistic prick that he's always dickin' out"
by broooooduddeeeeee September 11, 2022
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