chalk out verb5 •To draw or write down (something) using chalk. •(figurative) to make (plans); to sketch (something); to describe (a plan).I shall pursue the plan I have chalked out. — 1795 •(US, slang) To die. •(US, slang) To kill (someone). •(US) In a multi-race wager, to lose to the favorite in all of the remaining races.A 25-1 shot won race 3, but the rest of the early pick 5 chalked out after that. formschalked out · chalking out · chalks out