How to remove effect presets from a clip?

Question

I'm learning how to use Premiere Elements 8 from Adobe's official Help document.
I'm currently working through Chapter 10, "Applying effects", section "Working with effect presets" -> "Apply an effect preset".
The Help document doesn't tell how to remove an effect preset you had applied.
I've tried to follow the instructions for removing regular effects, but they don't seem to work in the case of presets.
How can i remove effect presets from a clip?

Answer 1

I suspect it's actually a standard PE terminology that i'd better get acquainted with.
I wanted to address this part separately. Actually, "workflow" is more of a video, or at least NLE term, and is not specific to PrE.
As for terminology, this ARTICLE might prove useful.
As I attempt to point out, some of these terms might be applied slightly differently, depending on the exact program used. As a for instance, PrE 8 has moved all of the Export options to Share. I still write "Export/Share" in case a PrE 2 through 7 user reads it. Terms can change. Also, Avid might call one common operation by one name, and Final Cut Pro use a different one.
For me, I had to learn some new terms. I can from a film background. Terms were changed with video. For instance, my old Fade-to-Black is now Dip-to-Black in most NLE's. First time that I typed Fade-to-Black, everyone came back with "huh???"
I read a lot of books on general editing of both video and audio. Some authors use different programs, and though the core theories are the same, their terminology can be rooted in their program of choice.
Also, with regards to audio, many still use a lot of the terminology from the analog days, and keep them, because analog is still part of the workflow in most productions - think of the mics, for instance. There is generally less analog left in video, unless someone needs to telecine film to digital, or transfer VHS tapes to digital. More of the total workflow is all in digital, so my old film school terms have faded.
One of the things that I attempt to do is differentiate exaclty what I am talking about. If I type video, I mean video in general. If I type Video, I am talking about the video Assets in a Project. Notice that Assets is also capatilized, as that is a term from the NLE and is specific to all things, SFX, Video, Audio, etc. used. Sometimes I slip up. I use project to mean the whole thing, and Project to mean the setup in the NLE, that will result in either a .PREL, or .PRPROJ file from my Adobe editors. Does this make sense?
Good luck,
Hunt