One of the mysteries of the English language finally explained.
1A token redeemable at a company store, etc., given as payment to employees. Compare "scrip". Now historical.
2A hole or perforation made by punching; a piece of material removed by punching a hole.
3A boxing match; a fist fight or brawl; = "punch-up".
Designating a cardboard or paper model, picture, or shape which is loosely attached to a surround so that it may be pressed out by hand, especially as a children's activity.
Late 19th century; earliest use found in Acts Tennessee. From punch + out.
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