peg out transitive verb 1.: to put out of the game in croquet by making (a rover ball) hit the stake 2.: to toss out or allow to run out (as a line) : pay out intransitive verb 1. a.: to end one's play by pegging out one's ball in croquet b.: to score the winning point in a cribbage game 2. a.: to give out : fail b.: die < you only pretend to care because you thought I was going to peg out — Miles Franklin >