I've searched both online and in the TexBook, but can not find a command or package.
Note, I am pretty new to TeX / LaTeX, but am currently trying to figure out how to do things in Plain TeX.
Edit: Thanks for all the answers, but I realized that my question was ambiguous because I used the word "strikeout" which is commonly associated with the horizontal line. I am actually looking for the diagonal strikeout, like the one here, except for Plain TeX. How to strike through obliquely, e.g. to indicate cancellation?
Also, I am looking for a solution that works in Math mode.




ulempackage redefines the\emmacro. You may need to fix that if you use it elsewhere in your document. – Ethan Bolker Jan 14 '13 at 21:53\emthe package provides\normalem. – Heiko Oberdiek Jan 14 '13 at 23:11