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dezaggerate 

When someone exaggerates something backwards. Often used with the words like or so preceding it.
Man: Dude, I slept for like, two minutes last night.
Dude: C'mon man don't dezaggerate.
Man: Yeah OK I slept for an hour.
dezaggerate by Jacob Richards February 26, 2010

dezaperated 

To rapidly evaporate through the use of high heat intensity lasers and/or multiple intense dehydrators with the main purpose of causing quick death to any living organism; used mainly as a term to describe the destruction caused by an alien invasion.
"Whoa! The city and all its people were dezaperated into oblivion by those fucking aliens man!"
dezaperated by Ink Spot Mike April 4, 2007

Dexaggerate 

To downplay, withdraw, or pull-back on a previous exaggeration.
"First you said you ate twenty hot dogs, now you're saying it was only ten. You're totally dexaggerating!"

or

Guy: "There were HUNDREDS of babes at that party last night! Well, more like ten... but you get the point."

Buddy: "Dude, you always dexaggerate."
Dexaggerate by Lex79 August 1, 2012

Deaggerate 

Opposite of Exaggerate. To downplay an event or situation.
"Hey Honey, how was the trip to Vegas?"

"Oh, we were very busy and it rained all week, we didn't have much fun at all."
Deaggerate by troll1843 May 18, 2005

dezagerating

To do the opposite of exaggerate; a better way of saying under-exxagerate.
Man, this lunch sucks.

Hey, don't exxagerate and bum out the freshmen its their first day.

But I'm not exxagerating! If anything I'm dezagerating!!
dezagerating by Jordan Hamilton September 8, 2011