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The Spin Cycle is a term defined as the spinning cycle of a washing machine that extracts moisture from your clothes at the end of the wash cycle.
In more general use, spin cycle means to create a fast-paced exercise that removes negative ideas or material in order to control or influence communications, This is common in politics and business.
Spin cycle also refers to a workout where a stationary bike is used to increase tension on the front wheel (compared to a regular bicycle) to provide an intense aerobic workout.
From Merriam-Webster Dictionary, Cambridge Dictionary, Wikipedia, and Cyclist.co.uk