Preheat oven to 325° F. Line a baking sheet with parchment paper. The cut cookies will need to chill before baking so be sure the baking sheet can fit in your fridge.
Unwrap the chilled dough and use a knife to cut it in half. Rewrap one of the halves and hold it in the fridge.
Place the other half on a large piece of parchment paper. Move the dough to one side of the parchment and fold the other half of the paper over the top of the dough.
Use a rolling pin to roll the dough inside the parchment to a ¼-inch thickness. (Tip: on a toothpick, measure up from the tip ¼-inch and mark it with a Sharpie. To see if your dough is at ¼ inch thickness, poke the toothpick into the dough and check it against the mark.)
Cut the cookies out freehand by using a sharp knife to cut out the cookies: they should have a tombstone shape, with a rounded top and a straight bottom. The cookies should be about 3 inches tall and 1½ inches wide.
Other options are to or make a template from paper or cardstock, or to use a ghost-shaped cookie cutter.
Place the cookies onto the parchment lined baking sheet, leaving about 1 inch between them. Roll scraps together and continue cutting cookies to fill the baking sheet. Place the baking sheet into the refrigerator for 15 minutes.
If you have unused dough, wrap it in plastic and refrigerate it also, until you're ready to roll and cut the next batch.