What it means

1. adjective having been cut out
   “the cut-out pieces of the dress”
2. verb cease operating
   “The pump suddenly cut out”
3. verb delete or remove
   “Cut out the extra text”
4. verb form and create by cutting out
   “Picasso cut out a guitar from a piece of paper”
5. verb intercept (a player)
6. verb cut off and stop
   “The bicyclist was cut out by the van”
7. verb strike or cancel by or as if by rubbing or crossing out
   “scratch out my name on that list”