Jettison (verb)

1. To discard or reject something as being no longer useful, wanted or needed.
2. To throw cargo or equipment overboard in an emergency, such as to lighten a ship or an aircraft.

Origin:

Derived from the old french word 'jeter' meaning to throw.

Examples:

1. The company decided to jettison the outdated technology, and adopt the latest innovations.
2. The pilot had to jettison the fuel tanks, to reduce the weight and avoid a crash landing.
3. The adventurer had to jettison his backpack, to escape from the rising water in the cave.
4. The collector had to jettison some of his items, to make room for new acquisitions.
5. The manager had to jettison the proposal, due to the budget cuts and the negative feedback.