1 definition by Skibs76
A way of rescuing yourself from a failed joke (it must be said quickly before anyone else can time you out) or a way of letting someone know that what they'd just said didn't work and/or was not funny.
"I'll buy that for a dollar! (no one laughs because this was only funny during Robocop's theatrical release) Time out..."
by Skibs76 January 26, 2017