Green’s Dictionary of Slang

pull out v.

1. to exaggerate.

[UK]G. Kent Modern Flash Dict. 26: Pull out – come it strong.
[UK]Flash Dict. in Sinks of London Laid Open [as cit. 1835].

2. to leave [note SE pull out, to withdraw].

[US]Dodge City Times 4 Oct. in Miller & Snell Why the West was Wild 456: While two of them [i.e. masked men] attacked the express car one of them mounted the engine. One of them ordered Hilton to ‘pull out’ and at the same instant sent a ball through his heart.
[US]F. Francis Jr Saddle and Mocassin 125: Then Reid and Dan Patch pulled out – quiet as sick monkeys.
Freeborn County (Albert Lea, MN) Standard 31 Aug. 6/2: We says good-by [...] an’ I pulled out fer Californy.
[US]J. London Tramp Diary in Jack London On the Road (1979) 54: Am going to pull out in the morning.
[US]J. Flynt Tramping with Tramps 332: She was simply stuck on pullin’ out that night.
[Aus]Bulletin (Sydney) 23 June 32/2: ‘Pull out, pull out,’ whispered Aggie, ‘it’s on’y the ole push. Slip-in without ’em seein’ yer.’.
[US]S.E. White Arizona Nights 7: There I [...] made a climb for the tall country, aiming to wait until dark, and then to pull out for Benson.
[UK]C. Holme Lonely Plough (1931) 106: You’re clearing – pulling out for England, ain’t you?
[Aus]Aussie (France) XII Mar. 2/1: I’ll have to pull out now as I’m tracking square with Marie Flannelette.
[US]W.R. Burnett Little Caesar (1932) 215: I want to stay here a couple of days. Then I’m gonna pull out.
[US](con. 1917–19) Dos Passos Nineteen Nineteen in USA (1966) 397: ‘But honeybug,’ said Joe, ‘I’ve got to pull out at twelve.’.
[US]C.G. Finney Circus of Dr Lao 88: What are you figgering on doing, Larry, when you pull out of this place?
[US]O. Strange Sudden Takes the Trail 72: For now, I’m pullin’ out.
[US]W.D. Overholser Buckaroo’s Code (1948) 64: I couldn’t pull out now.
[US]H. McCoy Corruption City 92: You got till tomorrow [...] to pull out.
[US]E. Hemingway letter 24 Nov. in Baker Sel. Letters (1981) 888: Cuba is really bad now [...] Might pull out of there.
[Aus]‘Nino Culotta’ Gone Fishin’ 83: That settles it. [...] I’m pulling out in the bloody mornin’.
[Aus]K. Gilbert Living Black 95: They pulled out.
[UK]G. Norman in Norman (1921) 139: We decided that we would pull out at the end of the fortnight’s grace we had been given.
[Can]O.D. Brooks Legs 15: I’ll be pulling out in ten minutes.

In phrases

pull out, the dogs are pissing on your swag (also ...on your bluey)

(Aus.) a phr. used to advise someone who finds themselves in a no-win position that the only sensible course of action is retreat.

J.D. Pringle Aus. Accent 47: The message [passed to the minister by the Liberal whip] said: ‘Pull out, dig. The dogs are pissing on your swag!’.
[Aus]A. Buzo Roy Murphy Show in Three Plays 103: Wake up, Col, the dogs are pissing on your bluey.
H. Beale This Inch of Time 39: When his speech – a little heavy-handed – had gone on for some time, I saw Alan MacDonald, the opposition whip who sat next to me, scribble something on a piece of paper and bustle down the aisle and hand it to Harrison in full cry at the table. [...] Harrison took the paper gratefully and read it. Then he threw it down on the table, completed his speech in one sentence, and sat down abruptly. What MacDonald had written was, ‘Pull out digger, the dogs are pissing on your swag.’.
[Aus]Sydney Morning Herald 2 May Good Weekend 14: ‘Pull out digger, the dogs are pissing on your swag’, was how Gareth Evans advised his Prime Minister [Mr Hawke] to retire.
[Aus]Sydney Morning Herald 18 Dec. [Internet] With that in mind, [...] Gareth Evans, Gerry Hand and Robert Ray went to see Hawke in his office to persuade him, in the inimitable words of Gareth Evans, to ‘pull out, digger, the dogs are pissing on your swag’. Their advice was he should resign gracefully.