The Collaborative International Dictionary of English v.0.48:

Outstrip \Out*strip"\, v. t. [imp. & p. p. Outstripped; p. pr.
   & vb. n. Outstripping.]
   1. To go faster than; to outrun; to advance beyond; to leave
      behind.
      [1913 Webster]

            Appetites which . . . had outstripped the hours.
                                                  --Southey.
      [1913 Webster]

            He still outstript me in the race.    --Tennyson.
      [1913 Webster]

   2. To exceed in development or performance; to surpass in any
      competition; to outdo; to outpace[2].
      [PJC]