Elastomers and gels can often deform multiple times their original length. The stretchability is insensitive to small cuts in the samples, but reduces markedly when the cuts are large. We show that this transition occurs when the depth of cut exceeds a material-specific length, defined by the ratio of the fracture energy measured in the large-cut limit and the work to rupture measured in the small-cut limit. This conclusion generalizes a result in the fracture mechanics of hard materials. For an acrylic elastomer and a polyurethane, we measure the stretch to rupture as a function of the depth of cut, and show that the experimental data agree well with the prediction of the nonlinear elastic fracture mechanics. In a space of material properties we compare many materials (elastomers, gels, ceramics, glassy polymers, biomaterials, and metals), and find that the material-specific length varies from nanometers to centimeters.