This phrase has been added to urbandictionary.com
Huffington Post liked this definition the best:
1. Quitting when the going gets tough; abandoning the responsibility entrusted to you by your neighbors for book advances and to make money on the lecture circuit.
2. Bizarre move that will damn ambitions for higher office.
I bet when people saw Jade they were convinced that David Caruso was pullin’ a Palin.