IPA: /ˈɒf.kʌt/
KK: /ˈɔfˌkʌt/
A small piece that is cut off from a larger piece, often considered waste or leftover material.
The carpenter used the offcut to make a small shelf.
Offcut → The word is formed from "off" (meaning away or from) and "cut" (from Old English "cyttan", meaning to cut). An offcut refers to a piece that has been cut away from a larger piece, hence something that is cut off.
Think of something that is 'cut away' ('off') from a larger piece — that's what an offcut is.
No commonly confused words.