The term 'STRIP OF EQUIPMENT' can be solved by the five-letter word 'UNRIG'. This term is used to describe the process of removing rigging from a boat or other type of vessel. This process involves taking down sails, masts, and other equipment that is used to control the movement of the boat. Unrigging is an important part of boat maintenance and safety, as it ensures that all of the necessary equipment is properly stored and maintained.