The term 'CHECK THIS OUT!' can be broken down into four crossword solutions: PSST, LOOK, WATCH, and LOOKATME. PSST is an interjection used to get someone's attention without alerting others, while LOOK is a verb meaning to use one's eyes to observe something. WATCH is a verb meaning to observe or pay attention to something, and LOOKATME is an imperative phrase used to draw someone's attention. Together, these four words form the phrase 'CHECK THIS OUT!', which is used to draw someone's attention to something.