Originally Posted by SeaKing
"Fish or cut bait."
In truth, you have to do both.
No, you can fish while some one else cuts bait, or you can cut bait for someone else to fish with.
The point of that saying is 'Either step up and be in active ("lead"), or at least do something useful ("follow").' Otherwise you'd just be in the way. ("...or get out of the way.")
It is often confused with the dichotomy of "do or don't" as in the expression "P!$$ or get off the pot."