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Used to convey "It's over between us" or "I'm officially breaking up with you" (sometimes in the form of a threat) usually to a short-term partner.
"He didn't even realize what he'd done wrong so I told him 'I'm out' and wished him well."

"If you don't stop sleeping around, I'm out!"
I'm out by TeaInTheMoment July 15, 2016
Telling people that you are bouncing.
"Yo Homie, I'm out."
I'm out by Diego August 30, 2003
means you don't care anymore and you will stop doing whatever u were doing
i'm out by im_0ut March 4, 2021
Not agreeing to something or not interested.

Count me out.
Hey we're going to the football game, wanna come?

Nah, I'm out.
I'm out by Jsmooth83 September 29, 2006
Yo im outa this piece like a fat girl in dodgeball
I'm out by Patty D February 25, 2003
In games such as Modern Warfare 2, and in the military, meaning "I'm reloading".
I'm out, cover me!
I'm out by mrtryhard August 27, 2010