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To eliminate or cut. If you say a television show got the axe, it means it is off the air. It can also mean to fire someone.

Example: "The news show's ratings were steadily dropping, so we gave the anchorman the axe. The audience seems to enjoy the new anchor."

It can also be a mispronunciation of "ask."

Example: "I want to axe you a question."

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Q: What does axe mean in slang?
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