Cryptic crossword clue
Cost in oil up catastrophically — it’ll mean stripping out the fat 11

The most common and most likely answer to this crossword clue is the 11 letter word LIPOSUCTION

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The cryptic/wordplay part
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What does LIPOSUCTION mean?

LIPOSUCTION noun
  1. A cosmetic surgery procedure in which excess fat is removed from a specific area by suction.
LIPOSUCTION verb
  1. To remove by liposuction.

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