Military slang; when abruptly and decisively aborting a mission or action; to eject out of an aircraft
by Mike T. Hardwarner August 28, 2007
 Get the punch outmug.
Get the punch outmug. When you're taking a dump and there's an interruption so you have to stop mid-dump and wipe quickly.
by ziggymahoney July 23, 2012
 Get the punch outmug.
Get the punch outmug. A boxing game for the NES. It became in instant classic and is still one of the NES's most famous titles.
by Quizznotik May 22, 2006
 Get the Punch Outmug.
Get the Punch Outmug. by pascaL July 24, 2004
 Get the Punch-outmug.
Get the Punch-outmug. When a caller on XM Radio's most popular program, Opie and Anthony on XM202 The Virus, calls in to make a point then leaves abruptly.  The caller says 'Punching out' to signify the end of their call.
by grrr,everything's taken February 18, 2009
 Get the Punching outmug.
Get the Punching outmug. to masturbate
by dirtybrad December 30, 2010
 Get the Punch outmug.
Get the Punch outmug. by peter baker January 14, 2004
 Get the Punch-outmug.
Get the Punch-outmug.