"deflates" in the verb sense
1. deflate
collapse by releasing contained air or gas
"deflate a balloon"
2. deflate
release contained air or gas from
"deflate the air mattress"
3. deflate, puncture
reduce or lessen the size or importance of
"The bad review of his work deflated his self-confidence"
4. deflate
produce deflation in
"The new measures deflated the economy"
5. deflate
reduce or cut back the amount or availability of, creating a decline in value or prices
"deflate the currency"
6. deflate
become deflated or flaccid, as by losing air
"The balloons deflated"
Source: WordNet® (An amazing lexical database of English)
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