Those little red crunchy bits of bacon flavored soy that they serve at salad bars and the like instead of real bacon. tastes good and veggie friendly.
"Hey, do you want any bacon on your salad man?"
"Naw dude just sprinkle sum dose Fakin' Bits on that shit!"
(verb) -to leave, to take out is to depart from the vicinity
man#1: "You sticking around?
Man#2:"Naw, I gotta take out son. PEACE!"