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A famous Seinfeld line spoken by Elaine Benes, by which she meant that a man had taken his penis out of his pants.
JERRY: Why what happened?

ELAINE: Let's see, (thinking) how shall I put this.

JERRY: Just put it.

ELAINE: He took it out.

JERRY: (confused) He what?

ELAINE: He took (blows on her glasses twice to clean them) it out.

JERRY: He took what out?

ELAINE: It.

JERRY: He took It, Out?
by Cocktail Sauce #1 October 25, 2009
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