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1.
1- To beat someone up so that the result of their body is "stretched out" on the floor.

2- To go to sleep (also known as "To Pass Out")
1- Imma strecth that nigga out

2- I'm mad tired, Imma go stretch out
by Mike Drigz December 06, 2005
 
2.
flat sheet developments used in drafting/manufacturing
Rene: this job is hot, We need to put these stretchouts on the fasttrack.
Ryan: yeah, okay, flash.
Kurt: We aren't getting much quoted because we are doing our stretchouts!
by chachimac March 16, 2004