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pegwood

[peg-woo d]
noun
  1. a rod of boxwood of about 1/3 inch (8.4 mm) diameter, cut in various ways at the end and used by watchmakers for cleaning jewels.
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Origin of pegwood

First recorded in 1800–85; peg + wood1
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018