A phrasal adjective used to indicate that the speaker has to leave.
See OTR.
A: Are you going to stick around and watch the next game?
B: Sorry, I'm out of the race.
A: All right, take it easy.
B: Later.
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An abbreviation for out of the race; a phrase meaning the speaker is about to leave or has left.
A: Have you seen Melanie around?
B: No, she's OTR.
A: When'd she leave?
B: Like an hour ago.
A: Damn! She was supposed to be my ride.
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