1. "Cut of the Log" was first pronounced in an intense round of frogger (lvl 2). The entirety of the phase was actually "My frog landed on the cut of the log." That phrase was later changed to "cut of the log" because its less words. The cut of the log is the end of the log.
2. "Cut of the log" is also used in the world of drugs. When someone smokes good weed the immediately say, "Damn thats the cut of the log!" Thats because the weed is good. Damn.
"You missed it by the cut of the log"
"Damn, thats the fucking cut of the log!"