"Putting on outs" can be defined as an expression that means losing a game, losing money or simply failing at something. There are numerous synonyms for this phrase, such as "throwing in the towel", "surrendering", "giving up", "conceding", "admitting defeat", "throwing in the sponge", "capitulating", "yielding", or "quitting". Despite the negative connotation of these words, it's important to remember that failure and mistakes are a natural part of life, and learning from them can ultimately lead to success. So, whenever one is "putting on outs", it's important to stay positive and keep striving for improvement.