cutting your losses

to extricate yourself from an impossible situation, where there is very little or no hope for improvement.

similiar to cashing in your chips, however, when one cuts their losses, it usually means that they are walking away with nothing to show for their efforts, and are getting out before they have to endure even more loss.
cutting your losses:

The U.S. Government eventually decided to cut its losses with regard to the Vietnam War, and by the early 1970s withdrew all of its military forces from Southeast Asia.
by Bungalow Bill October 13, 2005
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get off

I get off on Seinfeld
by Bungalow Bill November 07, 2001
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woodie

Look at that donkey over there. His woodie is quite magnificent.
by Bungalow Bill February 16, 2002
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put it to bed

Just need a conclusion on this paper. Then I can put it to bed
by Bungalow Bill November 14, 2001
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rot

He yawned, opening his rot wide.
by Bungalow Bill December 21, 2001
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jump on it

That class is almost full. JUMP ON IT
by Bungalow Bill November 26, 2001
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