exit vs pip out

exit is a noun but pip out is not a noun.

Word	Noun	Adjective	Verb	Adverb
exit	Yes	No	Yes	No
pip out	No	No	Yes	No

As verbs, pip out is a hyponym of exit; that is, pip out is a word with a more specific, narrower meaning than exit:

exit: pass from physical life and lose all bodily attributes and functions necessary to sustain life
pip out: be killed or die

Other hyponyms of exit include abort, asphyxiate, stifle, suffocate, buy it, drown, predecease, famish, starve, fall, succumb, yield.

exit (noun)	pip out (noun)
the act of going out
an opening that permits escape or release
euphemistic expressions for death

exit (verb)	pip out (verb)
pass from physical life and lose all bodily attributes and functions necessary to sustain life	be killed or die
lose the lead
move out of or depart from