The Collaborative International Dictionary of English v.0.48:

Velvet \Vel"vet\, n. [OE. velouette, veluet, velwet; cf. OF.
   velluau, LL. velluetum, vellutum, It. velluto, Sp. velludo;
   all fr. (assumed) LL. villutus shaggy, fr L. villus shaggy
   hair; akin to vellus a fleece, and E. wool. See Wool, and
   cf. Villous.]
   [1913 Webster]
   1. A silk fabric, having a short, close nap of erect threads.
      Inferior qualities are made with a silk pile on a cotton
      or linen back, or with other soft fibers such as nylon,
      acetate, or rayon.
      [1913 Webster + PJC]

   2. The soft and highly vascular deciduous skin which envelops
      and nourishes the antlers of deer during their rapid
      growth.
      [1913 Webster]

   3. Something likened to velvet[1] in being soft or luxurious;
      as, a lawn of velvet.
      [PJC]

   Cotton velvet, an imitation of velvet, made of cotton.

   Velvet cork, the best kind of cork bark, supple, elastic,
      and not woody or porous.

   Velvet crab (Zool.), a European crab (Portunus puber).
      When adult the black carapace is covered with a velvety
      pile. Called also lady crab, and velvet fiddler.

   Velvet dock (Bot.), the common mullein.

   Velvet duck. (Zool.)
      (a) A large European sea duck, or scoter (Oidemia
          fusca). The adult male is glossy, velvety black, with
          a white speculum on each wing, and a white patch
          behind each eye.
      (b) The American whitewinged scoter. See Scoter.

   Velvet flower (Bot.), love-lies-bleeding. See under Love.


   Velvet grass (Bot.), a tall grass (Holcus lanatus) with
      velvety stem and leaves; -- called also soft grass.

   Velvet runner (Zool.), the water rail; -- so called from
      its quiet, stealthy manner of running. [Prov. Eng.]

   Velvet scoter. (Zool.) Same as Velvet duck, above.

   Velvet sponge. (Zool.) See under Sponge.

   in velvet having a coating of velvet[2] over the antlers;
      in the annual stage where the antlers are still growing;
      -- of deer.
      [1913 Webster + PJC]

The Collaborative International Dictionary of English v.0.48:

Cotton \Cot"ton\ (k[o^]t"t'n), n. [F. coton, Sp. algodon the
   cotton plant and its wool, coton printed cotton, cloth, fr.
   Ar. qutun, alqutun, cotton wool. Cf. Acton, Hacqueton.]
   1. A soft, downy substance, resembling fine wool, consisting
      of the unicellular twisted hairs which grow on the seeds
      of the cotton plant. Long-staple cotton has a fiber
      sometimes almost two inches long; short-staple, from two
      thirds of an inch to an inch and a half.
      [1913 Webster]

   2. The cotton plant. See Cotten plant, below.
      [1913 Webster]

   3. Cloth made of cotton.
      [1913 Webster]

   Note: Cotton is used as an adjective before many nouns in a
         sense which commonly needs no explanation; as, cotton
         bagging; cotton cloth; cotton goods; cotton industry;
         cotton mill; cotton spinning; cotton tick.
         [1913 Webster]

   Cotton cambric. See Cambric, n., 2.

   Cotton flannel, the manufactures' name for a heavy cotton
      fabric, twilled, and with a long plush nap. In England it
      is called swan's-down cotton, or Canton flannel.

   Cotton gin, a machine to separate the seeds from cotton,
      invented by Eli Whitney.

   Cotton grass (Bot.), a genus of plants (Eriphorum) of the
      Sedge family, having delicate capillary bristles
      surrounding the fruit (seedlike achenia), which elongate
      at maturity and resemble tufts of cotton.

   Cotton mouse (Zool.), a field mouse (Hesperomys
      gossypinus), injurious to cotton crops.

   Cotton plant (Bot.), a plant of the genus Gossypium, of
      several species, all growing in warm climates, and bearing
      the cotton of commerce. The common species, originally
      Asiatic, is Gossypium herbaceum.

   Cotton press, a building and machinery in which cotton
      bales are compressed into smaller bulk for shipment; a
      press for baling cotton.

   Cotton rose (Bot.), a genus of composite herbs (Filago),
      covered with a white substance resembling cotton.

   Cotton scale (Zool.), a species of bark louse (Pulvinaria
      innumerabilis), which does great damage to the cotton
      plant.

   Cotton shrub. Same as Cotton plant.

   Cotton stainer (Zool.), a species of hemipterous insect
      (Dysdercus suturellus), which seriously damages growing
      cotton by staining it; -- called also redbug.

   Cotton thistle (Bot.), the Scotch thistle. See under
      Thistle.

   Cotton velvet, velvet in which the warp and woof are both
      of cotton, and the pile is of silk; also, velvet made
      wholly of cotton.

   Cotton waste, the refuse of cotton mills.

   Cotton wool, cotton in its raw or woolly state.

   Cotton worm (Zool.), a lepidopterous insect (Aletia
      argillacea), which in the larval state does great damage
      to the cotton plant by eating the leaves. It also feeds on
      corn, etc., and hence is often called corn worm, and
      Southern army worm.
      [1913 Webster]