The Collaborative International Dictionary of English v.0.48:

Outlook \Out*look"\, v. t.
   1. To face down; to outstare.
      [1913 Webster]

            To outlook conquest, and to win renown. --Shak.
      [1913 Webster]

   2. To inspect throughly; to select. [Obs.] --Cotton.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Outlook \Out"look`\, n.
   1. The act of looking out; watch.
      [1913 Webster]

   2. One who looks out; also, the place from which one looks
      out; a watchower. --Lyon Playfair.
      [1913 Webster]

   3. The view obtained by one looking out; scope of vision;
      sight; appearance.
      [1913 Webster]

            Applause
            Which owes to man's short outlook all its charms.
                                                  --Young.
      [1913 Webster]

   4. The likely outcome, such as is indicated by the present
      situation; prospects; prognosis; as, the outlook is grim.
      [PJC]

   5. The point of view or attitude of a person; as, one's
      outlook on life is affected by illness.
      [PJC]

WordNet (r) 3.0 (2006):

outlook
    n 1: a habitual or characteristic mental attitude that
         determines how you will interpret and respond to situations
         [syn: mentality, outlook, mindset, mind-set]
    2: belief about (or mental picture of) the future [syn:
       expectation, outlook, prospect]
    3: the act of looking out [syn: lookout, outlook]