What is "common thrift"

Thrift \Thrift\ (thr[i^]ft), n. [Icel. [thorn]rift. See Thrive.]

1. A thriving state; good husbandry; economical management in regard to property; frugality.

   The rest, . . . willing to fall to thrift, prove very good husbands.
   --Spenser.

2. Success and advance in the acquisition of property; increase of worldly goods; gain; prosperity. ``Your thrift is gone full clean.''
   --Chaucer.

   I have a mind presages me such thrift.
   --Shak.

3. Vigorous growth, as of a plant.

4. (Bot.) One of several species of flowering plants of the genera Statice and Armeria.

   Common thrift (Bot.), Armeria vulgaris; -- also called sea pink.

   Syn: Frugality; economy; prosperity; gain; profit.