Michigan/Midwest slang that refers to one's experience using drugs. Being Experienced and knowledgeable with drugs would make one "cut". Likewise, someone who is scared to use drugs such as weed or acid would not qualify as "cut".
He's cut asf, he drove us home last night off a perc
when someone feels upset or triggered over a slight inconvenience to their social life or life in general
mia: i can’t believe i want invited to abbie’s party
jake: why you so cut about it?
samantha: im so cut that i got into trouble over last weekend, the party wasn’t even that loud