According to the Crowd Cow, skirt steak is a fatty cut of beef pulled from the "plate," an area just under the cow's ribs, and "inner" skirt steak is an inexpensive yet popular cut for fajitas, Philly cheesesteaks, sandwiches, and tacos. However, there's also the "outer" or "outside" skirt steak, and it's quite different from its sibling.