"Sold outta luck" meaning that your luck is all sold out, meaning you are screwed and have no chance at accomplishing whatever the heck you were just trying to do.
SOL = sold out of luck
SOL = sold out of luck
Person A: DAMN! I missed the due date for the assignment, can I still hand it in?
Person B: Nope, you are SOL there.
Person B: Nope, you are SOL there.
by That guy 555 January 20, 2010