cut it v.3
1. [late 19C+] (orig. US) to manage, to deal with (difficult) situations; to suffice, to satisfy.
2. [1950s] to accept, to tolerate.
3. [1980s] to surpass.
[mid-19C] to act in a threatening, domineering manner.
see under spicy adj.
[20C+] to have an uproarious good time.
SE in slang uses
[mid–late 19C] to show off, to make a vulgar display.