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The Collaborative International Dictionary
Making-iron

Making-iron \Mak"ing-i`ron\, n. A tool somewhat like a chisel with a groove in it, used by calkers of ships to finish the seams after the oakum has been driven in.

Wiktionary
making-iron

n. (context nautical English) A tool somewhat like a chisel with a groove in it, used by caulkers of ships to finish the seams after the oakum has been driven in.