way out

noun
1.
the means by which a predicament, dilemma, etc., may be solved.
2.
Chiefly British. an exit or exit door, as in a theater.
Dictionary.com Unabridged

way-out

[wey-out]
adjective Informal.
1.
advanced in style or technique: way-out jazz.
2.
exotic or esoteric in character: way-out theories on nutrition.

Origin:
1950–55; adj. use of way out far off; see way2, out

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
way-out
 
adj
1.  extremely unconventional or experimental; avant-garde
2.  excellent or amazing

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Those who are not in the street are hanging half way out of the windows,
  shouting at some one below.
Above me towered the colossal edifice of society, and to my mind the only way
  out was up.
The three sons had bribed their way out of military service.
Two were on their way out of the woods, after having been all winter and spring
  without seeing a white face.
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