Pronunciation: [ˌɒn wˈe͡ɪ ˈa͡ʊt] (IPA) 
The correct spelling of the phrase "on way out" is actually "on the way out." The /ð/ sound of "the" may be left silent in casual speech, leading to confusion in the spelling. In IPA phonetic transcription, the phrase is spelled /ɒn ðə weɪ aʊt/ with the "ə" representing the schwa sound of the "e" in "the." It is important to pay attention to both pronunciation and spelling in order to communicate effectively.
The phrase "on the way out" is an idiomatic expression that is used to describe something or someone that is in the process of departing, leaving, or declining. It indicates that the subject is approaching the end of its existence, relevance, or popularity.
When used to refer to a person, "on the way out" suggests that the individual is nearing retirement, termination, or departure from a certain position or organization. It can also imply that their influence, power, or reputation is diminishing, and they are losing their standing or importance.
In the context of objects or things, "on the way out" indicates that they are gradually becoming obsolete, outdated, or less commonly used. This implies that a newer, more advanced version or alternative is taking its place.
Moreover, when used to describe a situation or trend, "on the way out" implies that it is losing momentum, relevance, or popularity. The phrase suggests that the situation or trend is declining and will soon no longer be of significant importance.
Overall, the phrase "on the way out" is a versatile expression used to convey the process of departure, decline, or obsolescence. It can be applied to individuals, objects, or trends, reflecting their waning influence, departure, or imminent end.
