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When an elder member of the human race doesn't feel the need to wait in line. (usually a buffet of some type) Either because their time is running out, or they have given up on any social grace.
My goodness was that an eldercut....did that old person just cut in front of me at the buffet line? Well, I guess I will let them get away with it, because they can't hear me anyway.
by Daren Strange December 05, 2005
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An out-of-style haircut. A haircut your elders might order. Usually used by a young person ordering an out-of-date haircut style.
Barber: What'll it be today.

Jimmy: Better make it an eldercut. I've got a job interview this week.
by Steve Hartman December 30, 2005
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the proverbial "thinning of the herd" Best likely description of corporate downsizing, pension elimination or benefits cutback.
Rather than characterize the staff cutbacks as a layoff it was dubbed an eldercut by the wags at the water cooler.
by Jerry P January 05, 2006
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