remove all coverings from

they stripped the bed

leave bare of accessories or fittings

thieves stripped the room of luggage

deprive someone of (rank, power, or property)

the lieutenant was stripped of his rank

sell off (the assets of a company) for profit

tear the thread or teeth from (a screw, gearwheel, etc.)

(of a bullet) be fired from a rifled gun without spin owing to a loss of surface