Fat thighs and hips can make any woman lose her cool. No amount of spot reduction exercises seem to work and the fat seems to be welded in forever. However a mix of exercise and diet can work. Cut down on all fats and dairy products. Switch over the whole wheat breads and pastas. Say goodbye to carbohydrates. And put on your walking shoes and hit the road. Yes, the best exercise for cutting down fat in hips and thighs is simply walking. A brisk walk of up to 4 kilometers will make the fat melt away. Stretching exercises are also good as what is basically needed is to tone up these muscles.