It is said whenever you cannot do something now, and you wish to do it later. Literally means "the good that was supposed to come out of it (the situation), will come from another one (situation)".
Egyptian Slang, does not mean anything in the Arabic language! probably related to the word "Cut" in English but nobody really knows! Used to indicate that someone will dash out of the place or have to run or go really quickly.
Sample conversation 1:
Person 1: "Stay in for another card game"
Person 2: "7akot (i will Kot ) Ana! Have to meet someone"