When something is understated, and is in fact more useful/fun/good than expected.

Originates from the Itbox games in pubs/bars, where a game is said to 'pay out' if it is easy to win and extract free money from.
'Jonesy, I can't believe you spent £500 on a Foosball Table'

'Nah man, it's paying out, you'll see in a month or so...'
by AdamWest9991 February 11, 2012
To insult, to knock, to slather with insults. In common usage, at least in Australia.
I just got paid out by this fat cunt and I was pissed as shit bro.

Why would you pay out Transformers 2?
by Mozric June 29, 2009
"Pay Out" is a term commonly used in nightclubs and bars that a patron and/or server uses to indicate that it's time for payment.

This is not to be confused with the term pay up, but it is similar to settle up and tab out.
Hey Bill, I'm gonna pay out after I have one more beer.
by Giskard August 10, 2004
The money a prostitute has to pay her pimp each night. Mentioned in 'Whoop That Trick' by D'Jay.
Nigga, i ain't even made pay out yet.
by God of Technology August 11, 2007
to make fun of someone, at times using their own posts/replies in a chat room and/or message board against them
Draccs: I am so fat
Faun: Dude shut up you fucking solar anus
Nyarl: haha fucking payed out:as
by heh March 24, 2003
To insult, dis' or burn someone.
I waz paying him out about spewing from just one drink.
by Diego September 20, 2003
Something you will pay a ridiculous amount of money to rent, buy, or repair/maintain.
"I just bought a used 1987 Porsche 944 Turbo...looks cool, but I know I'll be paying out the ass to do repairs on it!!"
by The Punisher 9mm December 13, 2014