"Pips-out" refers to a specific condition in the game of poker, particularly in Texas Hold'em. It occurs when a player has a strong hand but loses to an opponent who has an even stronger hand. This situation can be frustrating, as it often involves a player being "out-pipped" by a higher-ranking combination of cards. In a broader context, "pips-out" can also describe scenarios in other competitive games or sports where one competitor narrowly misses victory due to a slight disadvantage. Understanding this term helps players recognize the competitive nature of games and the importance of strategy and luck.