Can Bitcoin be cashed out for dollars?

Certainly, let me pose the question in a way that simulates a questioner's tone: "Hey there, I've been hearing a lot about Bitcoin lately and I'm curious about something. Can you actually cash out Bitcoin for dollars? I mean, is it possible to convert your Bitcoin holdings into actual, tangible money that you can spend or save in your bank account? I'm just trying to understand the practicality of owning Bitcoin and whether or not it's something that can be easily liquidated if need be. Thanks for any insight you can provide!