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Meaning of peg top

peg' top"

Pronunciation: [key]
  1. a child's wooden top that spins on a metal peg.
  2. peg-top trousers.

peg-top

Pronunciation: (peg'top"), [key]
— adj.
  1. wide at the hips and narrowing to the ankle: peg-top trousers; peg-top skirts.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.