The Collaborative International Dictionary of English v.0.48:

Handicraft \Hand"i*craft\ (h[a^]nd"[i^]*kr[.a]ft), n. [For
   handcraft, influenced by handiwork; AS. handcr[ae]ft.]
   1. A trade requiring skill of hand; manual occupation;
      handcraft. --Addison.
      [1913 Webster]

   2. A man who earns his living by handicraft; a
      handicraftsman. [R.] --Dryden.
      [1913 Webster]

WordNet (r) 3.0 (2006):

handicraft
    n 1: a work produced by hand labor [syn: handicraft,
         handcraft, handiwork, handwork]
    2: a craft that requires skillful hands

Moby Thesaurus II by Grady Ward, 1.0:

77 Moby Thesaurus words for "handicraft":
   architecture, art, artisan work, artisanship, assembly, building,
   business, calling, career, career building, careerism, casting,
   composition, construction, conversion, craft, crafting,
   craftsmanship, craftwork, creation, cultivation, devising,
   elaboration, erection, extraction, fabrication, fashioning,
   formation, forming, formulation, framing, game, growing, handiwork,
   harvesting, industrial art, industrial design, lifework, line,
   line of business, line of work, machining, making, manual art,
   manufacture, manufacturing, metalcraft, metier, milling, mining,
   mission, molding, mystery, number, occupation, practice,
   prefabrication, preparation, processing, producing, profession,
   pursuit, racket, raising, refining, shaping, smelting,
   specialization, specialty, stonecraft, trade, vocation, walk,
   walk of life, woodcraft, work, workmanship