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1.
"Pimping out" someone involves using them to gain certain items such as alcohol or money via their relationship with their partner/ friend/ associate.
(Neil has just received alcohol from a teacher for doing a favour and he shares it with his friends)

Jay: This is brilliant! We can can get well pissed!
Will: Although it does mean we are technically pimping out Neil
Simon: I'm cool with that
Neil: Me too
by ethanluke July 11, 2011