Definitions by Dictionary, Webster's

to cheese it 

VERB. To run away quickly; to flee; to get away from.

"We're in big trouble if they catch us here. We gotta cheese it."

"This party is lame. I want to cheese it."

"The person watching Equus on Broadway grabbed Daniel Radcliffe's pants and then cheesed it."

to cheese it by Dictionary, Webster's April 11, 2008