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By removing one letter from the mix at each step,
and rearranging the others as necessary to form new words,
reduce the word "NOVELIST" to the letter "O."

N O V E L I S T
_ _ _ _ _ _ _
 _ _ _ _ _ _
 _ _ _ _ _
_ _ _ _
_ _ _
_ _
O

Here is one SOLUTION. 
ONE SOLUTION:

N O V E L I S T
S O L V E N T
S T O L E N
N O T E S
T O N E
N O T
T O
O

Did you come up with an alternate sequence of words? Feel free to share them in the comments below, and thanks for playing!