There is no exercise that can be used to eliminate fat in certain areas. It is good for general toning as well as overall health. Troublesome areas tend to accumulate fat, and these are best treated through the use of liposuction. It is the only operation that can target specific areas and remove deposits of stubborn fat.
Make sure you have realistic expectations by consulting one or many Board Certified Liposuction Surgeons before you undergo any procedure.