I gather from the full transcript that Lily has been doing gymnastics. "tiger paws" are apparently wrist supports, and "grips" are things that you put on your hands to help you grip a bar (for example). "time-out" seems to be used in the usual sense of a break in activity.
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TaeGyunSo it is not some situation of Lily being scolded?I cannot tell without trying to understand the whole story, or hearing the tone of voice. The line that you quoted is not conclusive in itself.