to end an awkward conversation, or respond to an off-color or bad joke
on a broader scale - and punt can be used to change a conversation's
topic, or swapped in as a verbal exclamation point
to emphasis one's point or argument, or even to convey excitement.
1. After hearing his coworker tell an unusually bad joke
exclaimed, "and punt!"
2. Upon hearing his friends hired him strippers for his bachelor party
, Dick exclaimed "and punt!"