Peter of Provence had a wooden horse named Babieca. (See Clavileno.)
“This very day may be seen in the king's armoury the identical peg with which Peter of Provence turned his Wooden Horse, which carried him through the air. It is rather bigger than the pole of a coach, and stands near Babieca's saddle.” —Don Quixote, pt. i. bk. iv. 19.
(To ride the). To sail aboard a ship, brig, or boat, etc.
“He felt a little out of the way for riding the
wooden horse.” —
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
More on Wooden Horse from Infoplease: