Cagged Out Share definition Flag South Florida slang term originating in the late 90s used as an adverb meaning "to experience incredible luck when one needs it most." "Was about to get evicted but I cagged out when the scratch off ticket won." Cagged Out by SlangDude13 October 16, 2011 0 0 Get merch Get the Cagged Out mug. Buy Now — $32.95 See more merch