Degrease : v. tr. (word coming from fat). Degrease, it is to rid (something) of the fat it contains.
Lay off staff.
Lose money. Degrease the rise, make the boss lose money.
To lose weight.
To degrease a man: to ruin him (ladies' slang).
Fly, shoot.
Degrease his parsnip : to enjoy, to ejaculate.