From the movie "Breaking Away" (1979), about a teenager named Dave who loves bike racing and dreams about racing the Italians someday.
In the movie the term is used by college students to describe other teenagers who do not attend the college--or any schooling, for that matter.
Mike: They're gonna keep callin' us "cutters." To them, it's just a dirty word. To me, it's just somethin' else I never got a chance to be.
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