Chut is slang for the slang word "choad", in which a man's penis is wider than it is long. It is always used in a derogatory form and often used to sum up a guy simply by how he looks and not actually after inspecting his penis. It is often used as a root word for undignified nicknames (e.g. "Chutty McChutterson", "Prince Chuttingham", etc.)
Ex. "Check out that guy with the frat crop top...what a fuckin' chut!"
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