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Verb: crawfish out
Usage: N. Amer, informal
  1. Make a retreat from an earlier commitment or activity
    "We'll have to crawfish out from meeting with him";
    - retreat, pull back, back out, back away, crawfish [N. Amer, informal], pull in one's horns [informal], withdraw

Type of: break, break off, cease, discontinue, give up, lay off, quit, stop, surcease [archaic]