To tap the floor or an opponent in an act of submission. As in Jiu Jitsu, the losing party, as opposed to being seriously injured or rendered unconscious will tap to admit defeat.
"In a recent Submission tournament, I won all of my matches by tapout!"
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When you can't seem to cum after gratuitous amounts of sex and are just tired, so, from doggy style, you pull out and spit on her back, rubbing it in well.
"I couldn't pop it, so I pulled a fakie on her."
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