mod. having well-defined abdominal muscles. : Andy works hard to try to get a gut that's cut.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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Have a mixed effect, have advantages and disadvantages. For example, Their solution will cut both ways; it'll take longer but is permanent. This metaphoric expression alludes to a double-edged sword. [c. 1600]