when something is obviously fake or fraudulent. As if it was written as a play for a stage, and then its 'played out'. It's 'acted out'.
Man1: "Man hollywood pedophiles been doing this shit for years, and nobody's talking about it"
Man2: "Yeah man it's played out"
Man1: "What do you mean, cuzz?"
Man2: "I mean they're all in on it, it's a performance, nobody is going to stop it because the people who can stop it are in on it."