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Re:Fail Slower: The Dangers of Punting Too Early by SMrF on Wednesday June 30, 2010 @10:25AM (#1474886)
http://en.wikipedia.org/wiki/Punt_(football)

An American football team will punt when it fails to reach a first down. There are four downs to try to go ten yards, if you don't make it after three downs you usually punt. It's a strategic decision; if you fail to make ten yards after four downs the other team gets the ball where you left it. But if you punt, you can push the team further back, which means they have further to go to score a touchdown.

Re:Fail Slower: The Dangers of Punting Too Early by RiderOfGiraffes on Wednesday June 30, 2010 @10:30AM (#1474907)
Odd that it seems to have become synonymous with "Giving up" ...
Re:Fail Slower: The Dangers of Punting Too Early by SMrF on Wednesday June 30, 2010 @10:35AM (#1474919)
It's a strategic decision. If you punt you are signalling to the other team that you don't think you can get a first down in one more down.

Example: It's fourth down, (your last chance), and you have eight yards to go, that means you went two yards in three downs. You can punt and push the opponent back further, or go for it and risk giving them the ball where you are now. Most of the time you would choose to punt. You give up.

Re:Fail Slower: The Dangers of Punting Too Early by amalcon on Wednesday June 30, 2010 @10:43AM (#1474947)
I usually interpret it to mean something more like "Cutting your losses".
Re:Fail Slower: The Dangers of Punting Too Early by btmorex on Wednesday June 30, 2010 @10:32AM (#1474912)
It's because you still have the one down left to try to get a first down, but instead you're giving up on the offensive drive by punting.

Also, I wouldn't say that it's completely synonymous with "giving up". It's more like "giving up for now".

Re:Fail Slower: The Dangers of Punting Too Early by ghurlman on Wednesday June 30, 2010 @10:33AM (#1474913)
In the context I usually hear it (features vs. time) - you typically "punt" on something when you're no so much giving up, but putting it off for a later time or release.

I've also seen it used to mean letting someone else deal with it.