Drugged out non-sequitor regarding some item or event that is cool. Used to denote appreciation, if not comprehension.
"I just want to feel it."
"She wants to feel the power... the power of the bit."
"That's for you. Feel it! Feel that power. That's what Scientology is like. Feel it? Yeah. I deem you clear. I deem you OT Level 7. Alright."
to give up due to exhaustion. Originally a term referring to a tired horse that begins to run less aggressively, backing off on the "pull" a rider normally feels on the reins from an eager horse. Also used as a generic term for an exhausted horse.
"Yes, George, come in, come in. George, word up's you've been cracking under the pressure. Can't cope, can't stand the heat. Spit the bit." - George Steinbrenner, speaking to George Costanza on "Seinfeld".