('informal') She's a good musician but comparing her to the legends is 'stretching it'. [=she's good but she can't really be compared to the legends]
Although it may be 'stretching a point' [=exaggerating slightly] to say that this was his best win ever, it was nevertheless impressive.
The work doesn't 'stretch' me intellectually. [=the work is too easy for me; the work is not intellectually challenging]
(..) Oh, my God! We're ruined. Christmas is canceled. No presents for anyone! Don't worry, Homer. We'll just have to stretch your Christmas bonus... - even further this year. - Homer? - Oh, yeah. My Christmas bonus. How silly of me. This'll be the best (..)1989 TvShow: The Simpsons Title: Simpsons Roasting on an Open Fire Season: 1 Episode 1