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Not really, because you can pretty easily figure out that it means you've got all your stuff in your backpack and are living on what you've got there. Idioms are phrases that make no sense when you define them literally, so you could argue that "living out of a backpack" was one because you're not literally living inside the backpack, but it's not as confusing as an idiom like "kicked the bucket" meaning someone died or "hit the books" meaning to study.

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9y ago

What else can I help you with?