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The act of disciplining one who misbehaves and their reaction to said discipline. Usually said act is to ignore and allow them time to deal with their psycho delusions.
Matt put Kitti in timepout because she acted like a brat and threw a bitch fit.
Kitti was assaulting all the noobs so Kell put her in timepout.
Kell just didn't want to play along so Kitti put her in timepout.
Matt was put in timpout because he didn't return Kitti's call.
Timepout by MidniteKitti January 17, 2015
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stinky timeout 

The place you put yourself to be alone with your flatulence.
Don't go to that part of the lab, Devin put himself in stinky timeout.
stinky timeout by Devin W. January 5, 2009
whenever someone says something horribly wrong
Mike: "it will make you have an eyegasm"

me and Ryan: "timeout"
timeout by JamesGoOs October 9, 2008

Friend Timeout 

When you and your friend are talking, conversating, or just haning out; and they do something controversial or just plain a dickhead move, you can put them on a friend timeout. Just like in basketball, T them up and call a friend timeout. when you call a friend timeout you must designate the time period for which you will not be friends. This can either be like a funny haha 1 min friend timeout, or a wow u really pissed me off 4 hour friend timeout. The length of the friend timeout is really up to you, and when you call it. In this time alloted, anything goes. You are not friends at this point so really the point is to be a complete jackass to this person for the next however minutes or even days. Becare of the severity of the friend timeout, you really don't want to lose any friends over it, it's more of a joke.
While me and my roomates were sitting at our apartment one of my roomates dog started to hump me. I started to bump him off of me but my friend said just let him finish, and tried to pull out the friend card on me. That is completely unacceptable so I put him on a friend timeout. I T-ed him up and told him we weren't friends for the next 20 minutes, where I was basicallhy a dick to him the whole time.
Friend Timeout by dbrock September 26, 2010

timeport 

A cross between time travel and teleportation. Most commonly happens when you drink before getting on a plane.
Had a flight out of NYC. The flight attendant gave me a few jack and cokes while we were taxiing on the runway and next thing you know I timeported to San Francisco.
timeport by Billdozer84 October 11, 2014

Timeout pause rewind

the phrase used when a gay or non gay person says something that doesn't correspond with what they claim there sexuality is. There are also hand movements used when say this you would make a T with your hands then two ll and after that you would swing one finger around for the rewind
for example

Danny(hetero)-i just want to kiss him so bad

Me-Timeout pause rewind say that again but not as gay this time
Example 2
Danny(homo)-Damn i'm going to marry that female

Me(knowing he is homo)-Timeout pause rewind say that again but not as straight this time

Go sit in timeout and think about what you have done. 

A common thing teachers say in primary school, when you upset someone or hurt someone.
It can also be used when you are TALKING WHEN THE TEACHER IS (which btw I have not done) ;)
You pull Bob’s hair.
Bob is crying like crazy.
Me: It wasn’t me!
Teacher: Say sorry NOW!!
Me: Uh, sorry Bob
Teacher: Now go sit in timeout and think about what you have done.
Reluctantly, you go and sit in the ‘special timeout chair’ that isn’t different from the rest of the blue chairs.