You can remove a status from a multiple option status type by de-activating it. You can also re-activate one that has been de-activated.
To de-activate or re-activate a status
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From any page, open the Setup menu in the main navigation bar and click Status Types. The Status Type List opens.
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Locate the status type and click its statuses link. The Status List for (status type) page opens.
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Click the Edit link for the status. The Edit Status page opens.
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Do one of the following:
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To de-activate it, clear the Active check box.
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To re-activate it, select the Active check box.
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Click Save.