1 definition by tigerchick2389r5yu83

When you take a chance in a relationship that's moving too fast, and realise taking that chance was a bad idea. You then quit the relationship, by chancing out.
Person 1: I've been dating Joe for a week, I don't really know him.
Person 2: You really took a chance with him.
Person 1: Yep. Bad idea. I'm just going to chance out.
by tigerchick2389r5yu83 March 26, 2013
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