making a cut file for a water jet or laser

I want to know how to create a file to cut from a photo. i have a pictures of objects that i want to convert to a cut file almost like a stencil file so that it is cut out of the background piece and you can tell what you are looking at by the contour lines and outline lines that are cut. i know how to convert to a vector file, but i want minimal lines in the drawing.

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