outlet vs way out

outlet and way out both are nouns.

Word	Noun	Adjective	Verb	Adverb
outlet	Yes	No	No	No
way out	Yes	No	No	No

As nouns, outlet and way out are synonyms defined as:

Other synonyms of outlet include exit, issue.

outlet (noun)	way out (noun)
activity that frees or expresses creative energy or emotion	an opening that permits escape or release
an opening that permits escape or release
a place of business for retailing goods
receptacle providing a place in a wiring system where current can be taken to run electrical devices