Word Origin & History
toyc.1300, "amorous playing, sport," later "piece of fun or entertainment" (c.1500), "thing of little value, trifle" (1530), and "thing for a child to play with" (1586). Of uncertain origin, and there may be more than one word here. Cf. M.Du. toy, Du. tuig "tools, apparatus, stuff, trash," in speeltuig
"play-toy, plaything;" Ger. Zeug "stuff, matter, tools," Spielzeug "plaything, toy;" Dan. tøi, Swed. tyg "stuff, gear." The verb is first attested 1529, from the noun.
"If he be merie and toy with any,
His wife will frowne, and words geve manye."
["Song of the Bachelor's Life," 16c.]