deflate (Verb) — Collapse by releasing contained air or gas. ex. "deflate a balloon"
deflate (Verb) — Release contained air or gas from. ex. "deflate the air mattress"
deflate (Verb) — Reduce or lessen the size or importance of. ex. "The bad review of his work deflated his self-confidence"
deflate (Verb) — Produce deflation in. ex. "The new measures deflated the economy"
deflate (Verb) — Reduce or cut back the amount or availability of, creating a decline in value or prices. ex. "deflate the currency"
deflate (Verb) — Become deflated or flaccid, as by losing air. ex. "The balloons deflated"