The term 'PENCILS DOWN' is a phrase used to indicate the end of an activity or task. It is often used in classrooms when the teacher wants to signal that students should stop writing and put their pencils down. The crossword solutions for this term are TIME (4 letters) and TIMESUP (7 letters). TIME is a noun meaning the indefinite continued progress of existence and events in the past, present, and future regarded as a whole. TIMESUP is an expression used to indicate that a certain period of TIME has come to an end.