Answer:

deflate

Answer	Crossword Clue
DEFLATE	Take down a peg
DEFLATE	Let some air out of
DEFLATE	Release air from

DEFLATE	Take the wind out of
DEFLATE	Let the air out
DEFLATE	Take the air out of
DEFLATE	Get out of shape, in a way
DEFLATE	Remove the air from.
DEFLATE	Release air from.
DEFLATE	Lessen in importance.
DEFLATE	Prick, as a balloon.

DEFLATE	Collapse
DEFLATE	Puncture
DEFLATE	Do a balloon job
DEFLATE	Put a pin in a balloon
DEFLATE	Take the air out
DEFLATE	Lessen money in circulation
DEFLATE	Opposite of blow up
DEFLATE	Let down

DEFLATE	Reduce in importance
DEFLATE	Pop, as a balloon
DEFLATE	Put down
DEFLATE	Take the wind out of one's sails
DEFLATE	Let the air out of