Top definition
Slang expression for being without funds, penniless.

The opposite of the above maneuver. In a down and out, the receiver runs downfield then turns out, toward the sideline.
Led Zeppelin slang use: "been to long before I found out what people mean by 'down and out'

"The man who risks it all will eventually be down and out."
by JoshuaN@sh August 31, 2006
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2
In Deep Depression....................
Mary J.'s Been Down And Out
by emlol4 May 07, 2008
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(n.) or (adj.) A homeless person, a bum.
He is a down-and-out.
by Kung-Fu Jesus May 01, 2004
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