lathe

[leyth] noun, verb, lathed, lath·ing.
noun
1.
a machine for use in working wood, metal, etc., that holds the material and rotates it about a horizontal axis against a tool that shapes it.
verb (used with object)
2.
to cut, shape, or otherwise treat on a lathe.

Origin:
1300–50; Middle English: frame, stand, lathe; compare Old Norse hlath stack (see lade), Danish -lad in væverlad weaver's batten, savelad saw bench

lath, lathe.
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World English Dictionary
lathe1 (leɪð) [Click for IPA pronunciation guide]
 
n
1.  a machine for shaping, boring, facing, or cutting a screw thread in metal, wood, etc, in which the workpiece is turned about a horizontal axis against a fixed tool
 
vb
2.  (tr) to shape, bore, or cut a screw thread in or on (a workpiece) on a lathe
 
[perhaps C15 lath a support, of Scandinavian origin; compare Old Danish lad lathe, Old English hlæd heap]

00:10
Lathe is one of our favorite verbs.
So is peculate. Does it mean:
to steal or take dishonestly (money, esp. public funds, or property entrusted to one's care); embezzle.
chat, to converse
lathe2 (leɪð) [Click for IPA pronunciation guide]
 
n
(Brit) history any of the former administrative divisions of Kent
 
[Old English læth district]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

lathe
"machine for turning," 1310, probably from a Scandinavian source (cf. Dan. drejelad "turning-lathe," O.N. hlaða "pile of shavings under a lathe," related to hlaða "to load, lade.")
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
He started a cutting-tool firm with a borrowed lathe and a loan from a local
  butcher.
Each pick would appear to have been hand-turned on a tiny lathe, and then cured
  and tempered.
The carpenter shop features a hand cranked fly-wheel for lathe operation.
When they invented the lathe, tables legs became what they were.
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