www.alphadictionary.com

To shave a ship of the line down to a smaller vessel, typically a frigate. I thought of this because HMS Indefatiagable, popularised by CS Hornblower, had such undertaken. Could be a discussion of loan word usage type stuff?

Perhaps it could be used metaphorically, to mean cutting someone down to size, or deflating a bloated ego?

In Rhode Island, where I live, Razee is a purveyor and maintenance center for motorcycles. I always assumed it was named for the original owner.