- adjAmericana.penniless, broke. A term used especially by gamblers and, more recently, by adolescents. It is inspired by the very old slang use of the word to tap, meaning both to spend and later to obtain money from another person.► Man, I'd like to help you but I'm all tapped-out.► 'Wall Street's Trust Fund's tapped-out.' (Headline in Fortune magazine, 18 April 2005)b.exhausted. From the idea of being 'drained'.
Contemporary slang . 2014.