Here are some examples:
* Birds molt their feathers to replace them with new ones.
* Snakes molt their skin as they grow.
* Insects molt their exoskeletons as they grow larger.
The word "molt" can also be used figuratively to describe the shedding of something old or outgrown.
For example, you could say:
* "The company has molted its old image and embraced a new one."
* "She molted her old beliefs and adopted new ones."