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.
      [1913 Webster]

            In a civil war, people must expect to be crushed and
            squeezed toward the burden.           --L'Estrange.
      [1913 Webster]

   3. To force, or cause to pass, by compression; often with
      out, through, etc.; as, to squeeze water through felt.
      [1913 Webster]

   Syn: To compress; hug; pinch; gripe; crowd.
        [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Squeeze \Squeeze\, v. i.
   To press; to urge one's way, or to pass, by pressing; to
   crowd; -- often with through, into, etc.; as, to squeeze hard
   to get through a crowd.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Squeeze \Squeeze\, n.
   1. The act of one who squeezes; compression between bodies;
      pressure.
      [1913 Webster]

   2. A facsimile impression taken in some soft substance, as
      pulp, from an inscription on stone.
      [1913 Webster]

   3. (Mining) The gradual closing of workings by the weight of
      the overlying strata.
      [Webster 1913 Suppl.]

   4. Pressure or constraint used to force the making of a gift,
      concession, or the like; exaction; extortion; as, to put
      the squeeze on someone. [Colloq.]

            One of the many "squeezes" imposed by the mandarins.
                                                  --A. R.
                                                  Colquhoun.
      [Webster 1913 Suppl.]

WordNet (r) 3.0 (2006):

squeeze
    n 1: the act of gripping and pressing firmly; "he gave her cheek
         a playful squeeze" [syn: squeeze, squeezing]
    2: a state in which there is a short supply of cash to lend to
       businesses and consumers and interest rates are high [syn:
       credit crunch, liquidity crisis, squeeze]
    3: a situation in which increased costs cannot be passed on to
       the customer; "increased expenses put a squeeze on profits"
    4: (slang) a person's girlfriend or boyfriend; "she was his main
       squeeze"
    5: a twisting squeeze; "gave the wet cloth a wring" [syn:
       squeeze, wring]
    6: an aggressive attempt to compel acquiescence by the
       concentration or manipulation of power; "she laughed at this
       sexual power play and walked away" [syn: power play,
       squeeze play, squeeze]
    7: a tight or amorous embrace; "come here and give me a big hug"
       [syn: hug, clinch, squeeze]
    8: the act of forcing yourself (or being forced) into or through
       a restricted space; "getting through that small opening was a
       tight squeeze"
    v 1: to compress with violence, out of natural shape or
         condition; "crush an aluminum can"; "squeeze a lemon" [syn:
         squash, crush, squelch, mash, squeeze]
    2: press firmly; "He squeezed my hand"
    3: squeeze like a wedge into a tight space; "I squeezed myself
       into the corner" [syn: wedge, squeeze, force]
    4: to cause to do through pressure or necessity, by physical,
       moral or intellectual means :"She forced him to take a job in
       the city"; "He squeezed her for information" [syn: coerce,
       hale, squeeze, pressure, force]
    5: obtain by coercion or intimidation; "They extorted money from
       the executive by threatening to reveal his past to the
       company boss"; "They squeezed money from the owner of the
       business by threatening him" [syn: extort, squeeze,
       rack, gouge, wring]
    6: press or force; "Stuff money into an envelope"; "She thrust
       the letter into his hand" [syn: thrust, stuff, shove,
       squeeze]
    7: squeeze tightly between the fingers; "He pinched her behind";
       "She squeezed the bottle" [syn: pinch, squeeze, twinge,
       tweet, nip, twitch]
    8: squeeze (someone) tightly in your arms, usually with
       fondness; "Hug me, please"; "They embraced"; "He hugged her
       close to him" [syn: embrace, hug, bosom, squeeze]
    9: squeeze or press together; "she compressed her lips"; "the
       spasm contracted the muscle" [syn: compress, constrict,
       squeeze, compact, contract, press]