Can I Degauss my vinyl ?

Isn't that what a zerostat does? Although for 100 bucks it is arguably a little on the expensive side.

How is it that vinyl can become "magnetized"?. Static electricity can be a problem, but I fail to see how a record becomes magnetized. Sounds like voodoo to me!!

I must be missing something here. How can vinyl become magnetized? Statically charged I can understand, but magnetized? Degaussing is the process of reducing or eliminating a magnetic charge. Vinyl, being non-ferrous, should not be able to become magnetized so how would a degaussing device be doing anything? Do they also remove static charges?

Zerostat takes care of static which I assumed the poster meant.

Nope static and magnetism are different animals and BOTH can be removed from Lps.
The whole magnetic thing has been discussed and you would have to Google it as i am not going to go there, except to say that some intelligent audio folks swear by it.