The Collaborative International Dictionary of English v.0.48:

Knit \Knit\ (n[i^]t), v. t. [imp. & p. p. Knit or Knitted;
   p. pr. & vb. n. Knitting.] [OE. knitten, knutten, As.
   cnyttan, fr. cnotta knot; akin to Icel. kn[=y]ta, Sw. knyta,
   Dan. knytte. See Knot.]
   1. To form into a knot, or into knots; to tie together, as
      cord; to fasten by tying.
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            A great sheet knit at the four corners. --Acts x.
                                                  11.
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            When your head did but ache,
            I knit my handkercher about your brows. --Shak.
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   2. To form, as a textile fabric, by the interlacing of yarn
      or thread in a series of connected loops, by means of
      needles, either by hand or by machinery; as, to knit
      stockings.
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   3. To join; to cause to grow together.
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            Nature can not knit the bones while the parts are
            under a discharge.                    --Wiseman.
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   4. To unite closely; to connect; to engage; as, hearts knit
      together in love.
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            Thy merit hath my duty strongly knit. --Shak.
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            Come, knit hands, and beat the ground,
            In a light fantastic round.           --Milton
                                                  (Comus).
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            A link among the days, toknit
            The generations each to each.         --Tennyson.
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   5. To draw together; to contract into wrinkles.
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            He knits his brow and shows an angry eye. --Shak.
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The Collaborative International Dictionary of English v.0.48:

Knitting \Knit"ting\, n.
   1. The work of a knitter; the network formed by knitting;
      knitwork.
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   2. Union formed by knitting, as of bones.
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   Knitting machine, one of a number of contrivances for
      mechanically knitting stockings, jerseys, and the like.

   Knitting needle, a stiff rod, as of steel wire, with
      rounded ends for knitting yarn or threads into a fabric,
      as in stockings.

   Knitting sheath, a sheath to receive the end of a needle in
      knitting.
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WordNet (r) 3.0 (2006):

knitting
    n 1: needlework created by interlacing yarn in a series of
         connected loops using straight eyeless needles or by
         machine [syn: knit, knitting, knitwork]
    2: creating knitted wear

Moby Thesaurus II by Grady Ward, 1.0:

82 Moby Thesaurus words for "knitting":
   abbreviation, applique, astriction, astringency, basting, binding,
   bottleneck, braiding, buttonholing, cervix, circumscription,
   coarctation, compactedness, compaction, compression, compressure,
   concentration, condensation, consolidation, constriction,
   constringency, contraction, contracture, crochet, curtailment,
   decrease, diminuendo, embroidery, enlacement, entwinement,
   entwining, fabric, hourglass, hourglass figure, interknitting,
   interlacement, interlacery, interlacing, intertexture,
   interthreading, intertieing, intertwinement, intertwining,
   intertwisting, interweavement, interweaving, isthmus, lacing,
   macrame, narrow place, narrowing, neck, needlepoint, netting,
   petit point, plaiting, puckering, pursing, quilting, reduction,
   ribbing, shortening, solidification, stranglement, strangulation,
   striction, stricture, systole, tatting, texture, tissue, twining,
   twisting, warp and woof, warpage, wasp waist, weave, weaving, web,
   weftage, wreathing, wrinkling