Chout can stand for several different things. "Check out", "Watch Out", or "Chill out" are the mostcommon. In some circles, this is used as the dominant verb for everything.
Charles: "I think I'm completely broke."
John: "Chout yourself a job."
Bill: "I'mdrunk as all hell.."
John: "Chout your life."
"Chout your face."
"Chout me a beer."
"Can I chout a ride home?"
Person 1: I'm so mad! My dog spilled his food all over the floor!
Person 2: Just chout fam you're fiiiine.
Person 1: You're right it ain't really all that bad.