Patiently waiting to get the advantage on someone. Quietly timing a money making move using the element of surprise.
In the late 80s and early 90s NYC, muggings/ robberies/chain snatching happened all the time. "Layin' in the cut" referred to waiting in a covered location, ie btw 2 buildings or in an alley, for the right opportunity to jump someone or rob.
by LummyNYC June 05, 2013
Chillin. Hangin. Straight kickin it or cold lampin. Laying low and staying cool. Originally a line from Putney Swope, the literal meaning is to be sitting in a Cutlass Supreme.
by one2ohmygod April 30, 2010
by 1cutlayer January 25, 2011