Definitions of shave:

• noun:   the act of removing hair with a razor
• verb:   cut the price of
• verb:   remove body hair with a razor
• verb:   touch the surface of lightly

  Example: "His back shaved the counter in passing"

• verb:   cut closely
• verb:   make shavings of or reduce to shavings

  Example: "Shave the radish"

• verb:   cut or remove with or as if with a plane

  Example: "The machine shaved off fine layers from the piece of wood"

• name:  A surname (very rare: popularity rank in the U.S.: #39244)