Go Out Meaning

(colloquial) To fail.

Example:   Please go out through the back door.
  They were going to stay in and read, but instead went out shopping.
  After going to Joan's for dinner, they went out.
  Our team went out in the third round.
  The lights went out.
1922, Alfred Edward Housman, XXVIII, lines 3-4
  And cold the poor man lies at night, / And so goes out the year.
  Leon made two canastas, then went out by melding treys.
  He thought Nehru jackets went out in the late seventies.
  They've been going out for three years now, but still live apart.
  Jack's been going out with Susan for three weeks now.
  Do you think she will go out with anyone this year?
1978 Joe Jackson – Is She Really Going Out with Him?
  I'd like to help clear the field, but my knee went out on me.