Out of, over, to get rid of, or kicked out
Online jargon, also known as text message shorthand, used primarily in texting, online chat, instant messaging, email, blogs, and newsgroup postings, these types of abbreviations are also referred to as chat acronyms.
The origin of this expression comes from the restaurant industry as it is the code on the computers to signify the restaurant has "run out of" a particular dish.
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NetLingo Classification: Acronyms and Text Message