A phrase that is used used to signal, perhaps impatiently, a desire for something to begin. It could be a project, a trip, asking someone out--anything for which preparations have been made, and a specific goal is to be achieved.
1. "All right people, let's cut this biscuit!"

2. A: "So you ready to hit the party? Jenna's going to be there, you know."

B: "Yeah, man, let's cut this biscuit."
by pertnear January 17, 2007
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To promptly end an ridiculous conversation and, or quickly move into another topic in the middle of a conversation.
Let’s take a selfie, with a great white shark. Okay, let's cut to commercial.
by Devilcorpsdoc January 30, 2015
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