The Collaborative International Dictionary of English v.0.48:

Revolving \Re*volv"ing\, a.
   Making a revolution or revolutions; rotating; -- used also
   figuratively of time, seasons, etc., depending on the
   revolution of the earth.
   [1913 Webster]

         But grief returns with the revolving year. --Shelley.
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         Revolving seasons, fruitless as they pass. --Cowper.
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   Revolving firearm. See Revolver.

   Revolving light, a light or lamp in a lighthouse so
      arranged as to appear and disappear at fixed intervals,
      either by being turned about an axis so as to show light
      only at intervals, or by having its light occasionally
      intercepted by a revolving screen.
      [1913 Webster]