1.Out of money; penniless.

A 'tap' is what you use to make liquid flow from its source. 'Tapped out' means that there is nothing left to flow.

2.Tired, exhausted.

When 'tapped out' is used to describe a person, it means that the person has no more energy to spend of flow.
1) I'm tapped out, so I can't go to the movies tonight.

2) After working all day, I was tapped out.
by VAKI5 May 11, 2005
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In a bad situation that you cannot do anything about. Usually comes after you over-commit on something.
Guy1: I ran for 15 miles, but I realized I tapped out and I had to walk back in the dark.

Guy2: Wow you are dumb.
by Andy0958 April 7, 2008
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In reference to relations with the opposite sex, tossing the towel emotionally.
Hey dude, hows it goin with suzie these days?

Bro, i'm tapped out. you should too, just tap out, man. trust me, tap out.
by skram3030 September 27, 2006
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To commit suicide, to kill oneself.
I heard Suzy tapped out last night, it's so sad.
by FlashPoint November 22, 2005
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Complete voluntary leave on a conversation or situation. Forcing yourself out of the room.
"Dude, Eddie, that's some messed up shit right there. I'm tapping out. "
by FTdubya December 28, 2015
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when youre having sex with a girl and she can't take the dick no more
i fucked that bitchhhhh so hard she hadda tap out
by nigggggawassup January 6, 2010
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