Use 'rub out' for actions that remove temporary marks, hinting reversibility and correction. If you rub out the pencil marks, your drawing will look cleaner.
Pro Tip 2/3
Manual Action
It implies physical effort with an eraser or similar object to remove marks. I had to rub out the entire chalkboard after class.
Pro Tip 3/3
Mistake Correction
Often used to correct a mistake in writing or drawing. When you find a typo, just rub it out and continue typing.