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Cut the Fat 

Meaning to cut off people who are no longer your friends or people online that haven't been on in the last year.
Well My Friend back stab me yesterday so it's time to cut the fat.

cut the fat hog

In the midwest, this is an old term, still commonly used, meaning good sum of money was made on a business deal. No "ass" part to it, goofs, you (cut) stick a hog in the neck...
He cut the fat hog when he sold that car.
cut the fat hog by czechbull November 11, 2011

cut a fat hog in the ass 

Etymology: Contrary to popular belief, it has nothing to do with vehicles.
The term originated in the Ozarks, and originally derived from when a man would slaughter a hog and discover a (surprisingly) thick layer of fat (or lard) between the meat and skin, which would then be able to be rendered off and used in cooking throughout the coming year.
When a person was to have something that comes into their favor they were to say that “they cut a fat hog in the ass”.

Common definitions:
1. To have a monetary gain.
2. To have something beneficial occur in their favor.
3. To have a raucous time.
1. I sure cut a fat hog in the ass when I bet on that 30-1 horse and won!
2. I can't believe that Whitney agreed to go out with me, I sure cut a fat hog in the ass this time!
3. I feel like crap today, but man did we cut a fat hog in the ass last night!

Cut a fat hog in the ass 

def: to try to take an easier path to a goal with predictably unfortunate consequences.
The idiot tried to cut a fat hog in the ass when he drove through that parking lot to avoid the signal and ran right into the side of a car backing out of a spot.
Cut a fat hog in the ass by Kirkwood November 30, 2007