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Shit Out 

when something, whether it be an object or person, breaks to a point of disrepair and/or no functioning uselessness
The car was running fine until you let it shit out!!!

If you'd have taken it to get fixed, it wouldn't have shit out!!

You've been throwing that book around for years, now its all shit out!!

We'd still be able to use it if you wouldn't have let it shit out.
Shit Out by Alejo513 August 22, 2011
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shit out 

when something or a situation can be defined as negative or bad.
Dude my gf cheated on me last night. Man that is shit out!
shit out by Curtis Edwards March 25, 2009

shit out 

To lose one's nerve and quit, to cancel due to lack of courage, to bottle it.
See shit up

Also to back out of a promise or deal.
Ten people said they were coming but five of them shit out.
shit out by bitplane April 20, 2004

Shit Out 

When someone kills you on call of duty, and you really are quite seriously considering murder. Like proper full on murder.
Ben: arrrr josh u just got killed man.

Josh: ARRRR SHIT OUT!!
Shit Out by snatchbandit February 10, 2010

shit out of luck 

When a request or problem is described, this phrase is used to tell the person that what they need or are requesting is simply not possible/available and probably won't be in the near future. An "urban" variation of "out of luck".
Jill: I'd like to borrow your bike so that I can go down to the grocery store.
Jack: Sorry Jane, its got a flat, you're shit out of luck.