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1.
Slang expression for being without funds, penniless.

The opposite of the above maneuver. In a down and out, the receiver runs downfield then turns out, toward the sideline.
Led Zeppelin slang use: "been to long before I found out what people mean by 'down and out'

"The man who risks it all will eventually be down and out."
af JoshuaN@sh 31. august 2006
 
2.
In Deep Depression....................
Mary J.'s Been Down And Out
af emlol4 7. maj 2008
 
3.
(n.) or (adj.) A homeless person, a bum.
He is a down-and-out.
af Kung-Fu Jesus 1. maj 2004