Word Origin & History
1298, "small horse, pony," later "mock horse used in the morris dance," and c.1550 "child's toy riding horse," which led to a transferred sense of "favorite pastime or avocation," first recorded 1676. The connecting notion being "activity that doesn't go anywhere." Probably originally a proper name for
a horse (cf. dobbin), a dim. of Robert or Robin. The original hobbyhorse was a "Tourney Horse," a wooden or basketwork frame worn around the waist and held on with shoulder straps, with a fake tail and horse head attached, so the wearer appears to be riding a horse. These were part of church and civic celebrations at Midsummer and New Year's throughout England.