A variant of Punk'd, but a PG-13 version of the word, coined by Jamie Kennedy.
You see that sign over there? You've been X'ed. You're on my hidden-camera show, called The Jamie Kennedy Experiment. (Oh, shit!)
1. Tricked, like Punk'd on the Jamie Kennedy Experiment. (Look at the above definition)
2. Cut out from something. Like a picture or an event.
1. Omg, you've been x'ed! This was all a lie!
2. a: hey, x me out from that picture! I look terrible!
b: alright, you've been x'ed
a: i cant believe he hasnt talked to me in 2 days
b: so he has completely x'ed you out from his life?