The Collaborative International Dictionary of English v.0.48:

Dilute \Di*lute"\, v. t. [imp. & p. p. Diluted; p. pr. & vb.
   n. Diluting.] [L. dilutus, p. p. of diluere to wash away,
   dilute; di- = dis- + luere, equiv. to lavare to wash, lave.
   See Lave, and cf. Deluge.]
   1. To make thinner or more liquid by admixture with
      something; to thin and dissolve by mixing.
      [1913 Webster]

            Mix their watery store.
            With the chyle's current, and dilute it more.
                                                  --Blackmore.
      [1913 Webster]

   2. To diminish the strength, flavor, color, etc., of, by
      mixing; to reduce, especially by the addition of water; to
      temper; to attenuate; to weaken.
      [1913 Webster]

            Lest these colors should be diluted and weakened by
            the mixture of any adventitious light. --Sir I.
                                                  Newton.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Dilute \Di*lute"\, v. i.
   To become attenuated, thin, or weak; as, it dilutes easily.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Dilute \Di*lute"\, a. [L. dilutus, p. p.]
   Diluted; thin; weak.
   [1913 Webster]

         A dilute and waterish exposition.        --Hopkins.
   [1913 Webster]

WordNet (r) 3.0 (2006):

dilute
    adj 1: reduced in strength or concentration or quality or
           purity; "diluted alcohol"; "a dilute solution"; "dilute
           acetic acid" [syn: diluted, dilute] [ant:
           undiluted]
    v 1: lessen the strength or flavor of a solution or mixture;
         "cut bourbon" [syn: dilute, thin, thin out, reduce,
         cut]
    2: corrupt, debase, or make impure by adding a foreign or
       inferior substance; often by replacing valuable ingredients
       with inferior ones; "adulterate liquor" [syn: load,
       adulterate, stretch, dilute, debase]