LummyNYC's definitions
Patiently waiting to get the advantage on someone. Quietly timing a money making move using the element of surprise.
In the late 80s and early 90s NYC, muggings/ robberies/chain snatching happened all the time. "Layin' in the cut" referred to waiting in a covered location, ie btw 2 buildings or in an alley, for the right opportunity to jump someone or rob.
by LummyNYC June 5, 2013
 Get the Layin' in the cutmug.
Get the Layin' in the cutmug.