To accelerate from a stop in such a manner that the tires squeal and smoke. To burn rubber.
Waylon peeled out from the stoplight in his 57 Chevy.
by Bumkicker Slade May 11, 2005
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1.) What you do when your car/getaway ride is slowed, stopped, or parked, and you need to get out of the area quickly. Accelerate the vehicle, causing the tires to squeal. This is 'to peel out'

2.) What you yell, either in a joking or serious manner, when you want to leave the area in your vehicle quickly

3.) Any situation in which the above is performed
1.) "Dude, we robbed the bank and then peeled out!"

2.) "Shit, here comes my ex! PEEL OUT!"

3.) "Dude, we robbed the bank and then my ex comes out of the Robek's across the street! It was a total peel out."
by rwvfrbhrtfn hfdg February 5, 2009
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i term to used to express extreme diehardness.
Kevin was peeling out at the trim press.
by bob December 15, 2003
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(v.) The act of checking code into CM that causes the build to break, then promptly leaving work without returning until at least 10 AM the next day. Occurs more frequently just prior to a release deadline.

The word is a play on the phrase "peel out" and the last name of Meg Peele, who is infamous for this act.
Did Meg just Peele out again? What a bitch. We'll be here all night trying to fix this shit because her code uses an insane number of templates and is impossible to read.
by SE2R February 29, 2008
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To leave or "peace out" as fast as possible.
Hey Tom do you want to "Peel Out?" This party is gay as fuck.
by Big Vince 80190 March 27, 2007
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To come without the condom the on.
Man I’ll peel out so good the condom will come off “peel out”
by Big boi32 January 7, 2019
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