When someone in a group photo is pissing everyone else off, you fold them out of the picture...and out of your lives.
"Man, that's the last time she gives me $10 for her share of the $400 bar tab...she's getting the Fold Out."

Also acceptable: Folded Out, Fold Her/Him Out, etc.
by Miz J April 15, 2010
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To take a dump in some one's fold out couch and fold it back up for them to discover later.
"One of you mother effers did a fold out brown out in my guest room!!!"
by DJ Gorga July 31, 2007
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