The Collaborative International Dictionary of English v.0.48:

Taking-off \Tak"ing-off`\, n.
   1. Removal; murder. See To take off
      (c), under Take, v. t.
          [1913 Webster]

                The deep damnation of his taking-off. --Shak.
          [1913 Webster]

   2. (Print.) The removal of sheets from the press. [Eng.]
      [Webster 1913 Suppl.]

   3. Act of presenting a take-off, or burlesque imitation.
      [Webster 1913 Suppl.]