no no no
no cutting.
gawd lol. cut the power, then those gold screws you see holding the wires to the outlet? unscrew them and the wires pop out. then cover the wires with electrical tape or wire nuts as someone else suggested. Then push them back. They are really stiff so they will stay put. Then if you ever move out etc, you can just put the wires back in place by screwing them back in and nothing is destroyed.
edit: it appears it may be set up a lil different then a standard outlet, in which case try n find a way to unscrew the wires or somethin from another part of the outlet if that doesnt work. One way or another there should be a way to not cut them and remove them. If not... well thats some ghetto wiring lol.