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The Collaborative International Dictionary
Unbit

Unbit \Un*bit"\, v. t. [imp. & p. p. Unbitted; p. pr. & vb. n. Unbitting.] [1st pref. un- + bit.] (Naut.) To remove the turns of (a rope or cable) from the bits; as, to unbit a cable.
--Totten.

Wiktionary
unbit

vb. (context nautical transitive English) To remove the turns of (a rope or cable) from the bits.