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Jake Out 

While playing Texas Hold'em, it is the act of folding before the flop for a small bet ($1-$2) then getting a winning hand on the flop. Usually it is a full house or better.
I can't believe he folded a Jack/Seven suited when 3 sevens came out on the flop. That was a real jake out...
Jake Out by Jeff Boy RD April 14, 2013

Jake-in' out 

making big or moderately large plans with one of your friends, family, or acquaintance. and at the last minute - abandoning then all at once with a very very stupid or pussy-ass reason.
Alex: so Jake, me and Mickey are on our way to pick you up.

Jake: Dude... i don't know if its gonna work out this time man.

Alex: why not? we've been planning this for like, two weeks!

Jake: dude... i like... stubbed my toe real bad. i cant even walk on it. it might be broken.

Alex: Jake-in' out! of course!
Jake-in' out by Gazetti January 30, 2008

Gouge out Jake's Eyes Day 

Gouge out Char's Eyes Day is during the entirety of November 27th in which you can jab out a person named Jake's eyes with any tool of your choosing.
Person 1: "hey did you know Gouge out Jake's Eyes Day is tomorrow"
Person 2 (named jake): "you cant be serious thats from urban dictionary"
Person 1: "too late i already have a rusty screwdriver ready"
Gouge out Jake's Eyes Day by appewy November 25, 2021

tom and jake making out 

1: tom and jake
2:the ones who keep making out
1:yes
2: *pulls out phone and starts watching adventure camp*
1: omg its tom and jake making out