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punch-out

[puhnch-out]
noun
  1. a small section of cardboard or metal surrounded by perforations so that it can be easily forced out.
  2. Slang. a fistfight or brawl.
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Origin of punch-out

First recorded in 1925–30; noun use of verb phrase punch out
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018