What does the cryptic crossword clue "Ready to move lightly, shedding pounds (3)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Ready to move lightly, shedding pounds (3)

Times Cryptic #28755 | 27 Across | 2023-11-08

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I haven't cracked this one yet — but the brilliant team at Times for the Times have:

FLIT loses L.

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