a way out (for water, steam etc); a means of or occasion (for showing one's feelings etc)
place or means of escape, release
Cases of word usage
1) a tube wide at the top and narrow at the bottom, used for pouring liquids or powders through small openings; a tall outlet for smoke on a ship, railway engine etc (funnel)
2) a hole serving as an inlet or outlet for air, gas, liquid etc; a means of escape; an outlet for one's feelings (vent)