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1. Committing as little as possible to a situation 2. Making a covert exit from a place or situation [Originated] in the Silicon Valley tech scene when companies are bluffing prior to a market exit in order to increase asset value or simply to stop staff brain drain prior to an asset sale. It is an ironic phrase, intended to mean the exact opposite. See also Doublespeak, sarcasm, cynicism. [Not to be confused with] [the common] misuse of irony
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