look up any word, like blumpkin:
 
1.
Has two main usages:

1. When a person acts like he/she is trying to save money; basically being 'cheap'.

2. When a person ditches (does not show or refuses to a date/meeting) or breaks up with someone.
David is so annoying that even a junior cut-cost him for Prom.
by Ms. Against Squareheads April 21, 2004