Definitions of shed:

• noun:   an outbuilding with a single story; used for shelter or storage
• verb:   cast off hair, skin, horn, or feathers

  Example: "Out dog sheds every Spring"

• verb:   get rid of

  Example: "He shed his image as a pushy boss"

• verb:   cause or allow (a solid substance) to flow or run out or over
• verb:   pour out in drops or small quantities or as if in drops or small quantities

  Example: "Shed tears"

• adjective:   shed at an early stage of development
• name:  A surname (very rare: popularity rank in the U.S.: #36857)