Umm i actually shave my arms! 
-I know it's not the best method but it grows a lot slower than the hair anywhere else, so I only need to do it like once every 2 weeks or so... in the winter i don't really do it, mostly in the summer.

I am saving for laser removal all over. I'm not extremely hairy, but I am just not a fan of body hair. (maybe it's a gay thing. I don't know)
When I say all over, I don't mean my head. I would never get rid of my awesome hair (and it will be more awesome when it is finally as long as I want it)

Laser hair removal is expensive, but look in any non-national gay magazines (it seems this is really where they advertise and put special promos... Village Voice or Lavender are good free ones). I could flip 20 pages in an issue of Lavender and see half that many averts for hair removal specials (buy one package, get another half off, etc..)

Good luck! (Also, laser hair removal works on the face too. I forgot to check if you had a male or female symbol under your name, but after getting everything else removed, I'd say go for getting rid of your beard growth too! I know I am totally raw organic foods eater and diehard environmentalist, but I say if you want to get rid of hair then by god get a laser to do it!!)
hehe