If you want to drop fat, do it with diet. Before my 1st cycle I was on a TKD (Targeted Ketogenic Diet) that worked well for me to drop fat and hold muscle. I don't have them handy, but I posted pics back in March at 163.5 right before my 1st bulking cycle...
You have to build a solid base of overall muscle. You had big arms but no chest. Lots of bicep curls in the squat rack perchance? Now you almost look like Starvin' Marvin, but yet you want to lose fat?
Don't ever listen to broads when it comes to your body.
When I first saw this thread, I was curious to see the pics, becuase you say 5-8, 175...which is very close to what I am. In my new avatar, I am 5-8 183. We don't look even close to the same weight. (And like Slat, I don't do cardio either.)
If you want to see an amazing physique, find the Kingwinny pics, he is 5-8 190, and absolutely ripped. You need to put in the work, and not just 4-5 months of haphazard bench and curls either.
You have the potential based on your previous pics, but where you are now, you need to lift hard, eat right, and get your rest. The results will come. And they can come without gear.
Good luck,
Bluesman