The Collaborative International Dictionary of English v.0.48:

Squeeze \Squeeze\ (skw[=e]z), v. t. [imp. & p. p. Squeezed
   (skw[=e]zd); p. pr. & vb. n. Squeezing.] [OE. queisen, AS.
   cw[=e]san, cw[=y]san, cw[imac]san, of uncertain origin. The
   s- was probably prefixed through the influence of squash,
   v.t.]
   1. To press between two bodies; to press together closely; to
      compress; often, to compress so as to expel juice,
      moisture, etc.; as, to squeeze an orange with the fingers;
      to squeeze the hand in friendship.
      [1913 Webster]

   2. Fig.: To oppress with hardships, burdens, or taxes; to
      harass; to crush.
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            In a civil war, people must expect to be crushed and
            squeezed toward the burden.           --L'Estrange.
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   3. To force, or cause to pass, by compression; often with
      out, through, etc.; as, to squeeze water through felt.
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   Syn: To compress; hug; pinch; gripe; crowd.
        [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Squeezing \Squeez"ing\, n.
   1. The act of pressing; compression; oppression.
      [1913 Webster]

   2. pl. That which is forced out by pressure; dregs.
      [1913 Webster]

   3. Same as Squeeze, n., 2.
      [1913 Webster]

WordNet (r) 3.0 (2006):

squeezing
    n 1: the act of gripping and pressing firmly; "he gave her cheek
         a playful squeeze" [syn: squeeze, squeezing]

Moby Thesaurus II by Grady Ward, 1.0:

52 Moby Thesaurus words for "squeezing":
   abuse of terms, catachresis, clamping, clamping down, compression,
   concentration, contorting, crush, decoction, distillation,
   distortion, eisegesis, error, expression, garbling, gloss,
   infusion, malentendu, malobservation, misapplication,
   misapprehension, miscitation, misconception, misconstruction,
   misexplanation, misexplication, misexposition, misintelligence,
   misinterpretation, misjudgment, misquotation, misreading,
   misrendering, mistranslation, misunderstanding, misuse of words,
   nip, perversion, pinch, press, pressing, pressure, rendering,
   rendition, soaking, squeeze, steeping, tightening, torturing,
   tweak, twisting, wrenching