Definition of "peg-top" [peg-top]

• A variety of top, commonly of solid wood with a metal peg, which is spun by the rapid uncoiling of a string wound round it. (noun)
• Plural A kind of trousers very wide at the top, and gradually narrowing till they become tight at the ankles: so called from their resemblance when on the person to the toy so named. (noun)
• Shaped like a child's top.

The Century Dictionary (Public Domain)

• "It was his joy to recall, for all who came, the days of the bicycle built for two, the peg-top trousers and brown derbies of the men, and of the bustles, flounces and puffed sleeves of the women."
• "‘John has lately been speculating in the peg-top ring; and I often say to him at night, “John, IS the result worth the wear and tear?”’"
• "This was too large for their little hands to grasp, and by means of some grievance inside, or perhaps through a cruel trick of the plumber, up went the long handle every time small fingers were too confiding, and there it stood up like the tail of a rampant cow, or a branch inaccessible, until an old shawl or the cord of a peg-top could be cast up on high to reduce it."