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that's out 

another way of saying 'that's wrong', 'that aint fair', or 'that aint right'
'oi, that's well out man. what the fuck do you think you're doing?'
that's out by Ali July 18, 2004

That's it... the dick's comin out. 

The ultimate form of revenge that a hammered dude can pull on his friends. All that needs to be done is saying, "That's it (pause) the dick's comin out." followed by the pulling out of his penis. A last resort type of revenge that cannot be topped, at least in the mind of the influenced.
(friend who has johns keys) Hey john did you lose your keys?
(John) ...don't you f**k with me. That's it... the dick's comin out.(pulls out penis)

That's far out 

Nicole- *puts on tik tok by Kesha*
Mikayla- "Damn, that's far out!"

Now THAT'S a pimped out strat! 

the ultimate sign of passion and affection for a stratocaster guitar
PERSON 1! hey i got this new strat

PERSON 2! Now THAT'S a pimped out strat!

That's About All...Peace Out 

YouTuber Styxhexenhammer666's signature phrase, which is said at the end of (pretty much) every video.
It's quite funny actually, That's about all...peace out.

That's my name, don't wear it out 

A phrase uttered in order to be a smart ass when someone attempts to get your attention using your name:
"Hey, your name" or just "your name"

To "wear it out" refers to the act of "wearing out" shoes and other clothing. To use something repeatedly until it loses its durability, polish and novelty.

The phrase was popularized originally by boomers in the 50s. See: boomer musical "Grease," for unironic usage.

It resurfaced as a campy, ironic echo of its former glory after famous/infamous child entertainer Pee Wee Herman used it in his show Pee Wee's Playhouse. Decades later this caused millennials to say this phrase very rarely, but with great smugness and underserved pride.
Jim: Hey Peter ca....
Peter (interrupting): That's my name, don't wear it out !!

> Peter suddenly appears overtly proud of himself and bears a somewhat condescending grin on his stupid face

> You would respond with a scathing comeback or possibly violent beatings, but you are too confused with Peter repeating a strange laugh and looking at you like you should get the joke