Thieves’ slang. To stop, give up, leave off. Cheese it! = have done! run away!

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1812.  J. H. Vaux, Flash Dict., Cheese it. The same as Stow it.

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1866.  Even. Standard, 27 July. As soon as he went up the prisoner Blagin said, ‘Cheese it (run away), here’s the bobby coming.’

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1873.  Slang Dict., Cheese or Cheese it (evidently a corruption of cease) leave off, or have done: ‘Cheese your barrikin,’ hold your noise. Term very common.

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1883.  J. Hawthorne, Fort. Fool, I. xxxiii. 326. ‘Cheese it, mates! ’ere comes the bobbies!’

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