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Used to convey "It's over between us" or "I'm officially breaking up with you" (sometimes in the form of a threat) usually to a short-term partner.
"He didn't even realize what he'd done wrong so I told him 'I'm out' and wished him well."

"If you don't stop sleeping around, I'm out!"
I'm out by TeaInTheMoment July 15, 2016
Telling people that you are bouncing.
"Yo Homie, I'm out."
I'm out by Diego August 30, 2003
means you don't care anymore and you will stop doing whatever u were doing
"I can't hold it anymore, I'm out"
i'm out by im_0ut March 4, 2021

I'm out! 

A two-word sentance clearly describing the action of leaving someone's presence, often used in public areas to avoid long goodbuy situtations.
You out man? Yeah man, I'm out!
I'm out! by Gleg October 23, 2002
Hey we're going to the football game, wanna come?

Nah, I'm out.
I'm out by Jsmooth83 September 29, 2006
Yo im outa this piece like a fat girl in dodgeball
I'm out by Patty D February 25, 2003