Don't lose 
>!*this one*

Remove the eye(s)

>! = ths one.

Percolate *it* or "and with *it*" (not sure which one, maybe both) 
>! = ths one it

You *won't* need eyes (again)

>! = ths one t

Remove doubles

>! = hs one 
 
Add *tea*('t') and rearrange

>! = honest