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eyelet (n.)

"small hole," late 14c., oilet, from Old French oeillet, diminutive of oeil "eye," from Latin oculus "an eye" (from PIE root *okw- "to see"). Spelling later modified by influence of eye (n.).

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Definitions of eyelet from WordNet

eyelet (n.)
a small hole (usually round and finished around the edges) in cloth or leather for the passage of a cord or hook or bar;
Synonyms: eyehole
eyelet (n.)
fastener consisting of a metal ring for lining a small hole to permit the attachment of cords or lines;
Synonyms: cringle / loop / grommet / grummet
From wordnet.princeton.edu