Click to select the product(s), click the Product Status dropdown, and hit "Remove".
Click on the checkbox to the left of the product and select the Product Status dropdown and hit "Remove"
- Helpful Hit: You can hold down the shift key to select multiple products
Note: The products you removed will simply be taken out of the presentation, but will remain in your Products page.
To find out more about how to delete a product permanently, see this article.