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1.
The process of removing the tags from items one has purchased, such as clothes, stuffed animalas, furniture.
I should have given this dress a tagectomy before I decided to wear it, this tag is driving me crazy!

My girlfriend Laura gives all of her new clothes a tagectomy and then sews in a new tag with a smaller size!
by Jane Nazrat September 17, 2009
 
2.
The act of curing tagitis - fixing someone's exposed tag from an article of clothing.
I gave Becky a tagectomy - her tag was sticking out of her jeans!
by Marcelo Mackinlay February 28, 2006