The Collaborative International Dictionary of English v.0.48:

Hug \Hug\, v. t.
   1. To press closely within the arms; to clasp to the bosom;
      to embrace. "And huggen me in his arms." --Shak.
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   2. To hold fast; to cling to; to cherish.
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            We hug deformities if they bear our names.
                                                  --Glanvill.
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   3. (Naut.) To keep close to; as, to hug the land; to hug the
      wind.
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   To hug one's self, to congratulate one's self; to chuckle.
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