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This is a public service announcement.

Lose: (v. intr) to fail to retain, preserve, maintain, sth.; to be defeated
Loose: (adj.) not firm, taut or rigid; free (v. intr) to make loose, undo

"If the guy-ropes are loose we'll lose the sail."
"Let loose the dogs of war! We will not lose!"
"A squid eating dough in a polyethylene bag is fast and bulbous, got me?"