To be dressed in rags, barely able to cover oneself; by extension, to be in a difficult predicament, stretched to the limit, or unable to cope with multiple demands effectively.
他最近经济状况不佳，生活过得捉衿露肘，常常为日常开销发愁。
His financial situation has been tough recently, and he's been stretched thin, often worrying about daily expenses.
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