To insult, to knock, to slather with insults. In common usage, at least in Australia.
I just got paid out by this fat cunt and I was pissed as shit bro.

Why would you pay out Transformers 2?
dari Mozric Minggu, 28 Juni 2009
"Pay Out" is a term commonly used in nightclubs and bars that a patron and/or server uses to indicate that it's time for payment.

This is not to be confused with the term pay up, but it is similar to settle up and tab out.
Hey Bill, I'm gonna pay out after I have one more beer.
dari Giskard Selasa, 10 Agustus 2004
The money a prostitute has to pay her pimp each night. Mentioned in 'Whoop That Trick' by D'Jay.
Nigga, i ain't even made pay out yet.
dari God of Technology Jum'at, 10 Agustus 2007
Cash; earnings.
I took his payout.
dari CnClear Sabtu, 15 Januari 2011
to make fun of someone, at times using their own posts/replies in a chat room and/or message board against them
Draccs: I am so fat
Faun: Dude shut up you fucking solar anus
Nyarl: haha fucking payed out:as
dari heh Senin, 24 Maret 2003
To insult, dis' or burn someone.
I waz paying him out about spewing from just one drink.
dari Diego Sabtu, 20 September 2003

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