The Collaborative International Dictionary
Peg \Peg\, n. [OE. pegge; cf. Sw. pigg, Dan. pig a point, prickle, and E. peak.]
A small, pointed piece of wood, used in fastening boards together, in attaching the soles of boots or shoes, etc.; as, a shoe peg.
A wooden pin, or nail, on which to hang things, as coats, etc. Hence, colloquially and figuratively: A support; a reason; a pretext; as, a peg to hang a claim upon.
One of the pins of a musical instrument, on which the strings are strained.
--Shak.One of the pins used for marking points on a cribbage board.
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A step; a degree; esp. in the slang phrase ``To take one down peg.''
To screw papal authority to the highest peg.
--Barrow.And took your grandess down a peg.
--Hudibras. -
A drink of spirits, usually whisky or brandy diluted with soda water. [India]
This over, the club will be visted for a ``peg,'' Anglice drink.
--Harper's Mag. -
(Baseball) a hard throw, especially one made to put out a baserunner.
Peg ladder, a ladder with but one standard, into which cross pieces are inserted.
Peg tankard, an ancient tankard marked with pegs, so as divide the liquor into equal portions. ``Drink down to your peg.''
--Longfellow.Peg tooth. See Fleam tooth under Fleam.
Peg top, a boy's top which is spun by throwing it.
Screw peg, a small screw without a head, for fastening soles.
Wiktionary
n. A small headless screw for fastening soles.