Can be used in a positive way and be a synonym to cool, tight, dope, sick, hyped etc. Can also be used in a negetive way and be a synonym to belligerant, unruly, sketchy, shady etc.
Damn did you see the homie knock that chap out?! Shit was too outtahand! But then the homie got all drunk and threw up in my car that shit was outta hand