How do you get rid of that spare tire around your waistline after you've let the air out of it?

I work out daily now and have for years. I alternate between aerobic exercise (heavyhands) with 15 lb. dumbbells (30 min.) on odd numbered days and lifting free-weights on even days. For abs, on lifting days, I use 5-pound ankle weights and do 50 crunches, 50 leg lifts, and 50 bicycle crunches for the abs including the obliques.

I’ve gotten rid of the fat, but at 66, my skin isn’t as supple as it once was. I still have a loose bulge above the belt line even though I’ve got a nice six pack showing. Is there any way short of a surgeon’s scalpel to work that extra flesh off?

Sure, it’s worth the effort just for the health and longevity benefits. But for all the work it requires, I’d really like to see the benefits in a mirror. :-)