wipe out is a verb meaning "use up (resources or materials)". It carries 6 recorded senses.
eliminate completely and without a trace
“The old values have been wiped out”
mark for deletion, rub off, or erase
“kill these lines in the President's speech”
wipe out the effect of something
“The new tax effectively cancels out my raise”
“The `A' will cancel out the `C' on your record”
Definitions, synonyms and semantic relations for wipe out come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.