1. To hang something outside to dry with pegs or similar fasteners. A noun or pronoun can be used between "peg" and "out." Would you mind pegging out the laundry while the sun is shining? We'll need to peg the skins out to dry and cure them.

2. To establish, mark, or set up a perimeter by driving pegs into the ground. A noun or pronoun can be used between "peg" and "out." I sent my assistant to peg out the site for the archaeological dig. The architect pegged the plot of land out where they were planning to dig.

3. To die or expire; to cease to live or function. We hadn't even gone 20 miles on our road trip before the car pegged out completely. My greatest fear was that I would peg out before ever getting the chance to see Paris.