southern term for losing one's temper, "flying off the handle", etc. Note that the R.E.M. song of this title has nothing to do with religion, despite the common misinterpretation of the phrase.
it literally means "losing my temper" or "going insane" to some degree. If you would look at the REM lyrics to the song by the same name, it makes more sense, it really has nothing to do with religion.
I was pretty much losing my religion after being forced to listen to rap music by all the freshman girls at my school.
loosing your sexual arousal (totally independent of gender), because f.e. the object of desire talk to much or is doing something, that is killing your vibe.
Stella: *starts kissing Ted*
Ted: *not kissing her* "George Lucas based the film's structure on Akira Kurosawa's The Hidden Fortress. He also owes a debt to Campbell's work with comparative mythology."
Stella: "Yeah, Ted, I'm losing wood over here. What's going on?"