adj. With the most important parts destroyed (often by fire), removed or rendered useless.
adj. Having a gut or guts.
adj. deeply disappointed
v. Simple past tense and past participle of gut.
v. Past participle of to gut
The Century Dictionary and Cyclopedia
Having entrails.
Having the entrails removed; disemboweled: as, gutted herring.
Word Usage
"And the SEC was supposed to be the watchdog over the banking industry but the rules were weakened and the agency again gutted and so we have the mess we are in today."