/pənt/
[from the punch line of an old joke referring to American football:
"Drop back 15 yards and punt!"]
v. 1. To give up, typically without any intention of retrying.
"Let's punt the movie tonight."
"I was going to hack all night to get this feature in, but I decided to punt"
may mean that you've decided not to stay up all night, and may also mean you're not ever even going to put in the feature.