How do you deal with a Narcissistic friend?

A friend of mine keeps making sly remarks with the intention of putting other downs.. often in a backhanded and subtle manner.. Recently, some of us friends went on a trip without inviting her. She made a big deal out of it and started sending hateful texts to the group that went out. I feel this has been like a final breaking point in our friendship..
Problem is she is an old friend. Do I completely cut her off? Anybody has dealt with similar people?

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exexec · 70-79, C

WE accepted him because his wife was my wife's best friend. Fortunately, they moved away and she divorced him. She is now back here and friends with my wife again. We never saw the narcissist again. Before they moved, we occasionally had to call BS on something he said or did as a result of his narcissism. It had no effect, of course.