[ahy-lit] 
noun, verb, -let⋅ed or -let⋅ted, -let⋅ing or -let⋅ting.| 1. | a small hole, usually round and finished along the edge, as in cloth or leather for the passage of a lace or cord or as in embroidery for ornamental effect. |
| 2. | a lightweight fabric pierced by small holes finished with stitching and often laid out in flowerlike designs. |
| 3. | a metal ring for lining a small hole; grommet. |
| 4. | an eyehole in a wall, mask, etc. |
| 5. | Also, oillet, oyelet, oylet. (in medieval architecture) a small aperture in a wall used as a window or loophole. |
| 6. | a small eye. |
| 7. | to make an eyelet in. |
| 8. | to insert metal eyelets in. |
eye·let (ī'lĭt)  (click for larger image in new window) n.
[Alteration (influenced by eye) of Middle English oilet, from Old French oillet, diminutive of oil, eye, from Latin oculus; see okw- in Indo-European roots.] |
lɪt