tv. to lift weights. : Andy went down to the gym to pump some iron.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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Lift weights, as in She's started pumping iron three times a week. This idiom was born with the late-20th-century stress on physical fitness. [Second half of 1900s]