The Collaborative International Dictionary of English v.0.48:

Shell \Shell\, v. t. [imp. & p. p. Shelled; p. pr. & vb. n.
   Shelling.]
   1. To strip or break off the shell of; to take out of the
      shell, pod, etc.; as, to shell nuts or pease; to shell
      oysters.
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   2. To separate the kernels of (an ear of Indian corn, wheat,
      oats, etc.) from the cob, ear, or husk.
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   3. To throw shells or bombs upon or into; to bombard; as, to
      shell a town.
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   To shell out, to distribute freely; to bring out or pay, as
      money. [Colloq.]
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