The problem of monoaxial stabilization of a rigid body is studied. It is assumed that a linear time-invariant dissipative torque and a time-varying restoring torque vanishing as time increases act on the body. Both the case of linear restoring torque and that of essentially nonlinear one are considered. With the aid of the decomposition method, conditions are obtained under which we can guarantee the asymptotic stability of an equilibrium position of the body despite the vanishing of the restoring torque. A numerical simulation is provided to demonstrate the effectiveness of our theoretical results.