The Collaborative International Dictionary of English v.0.48:

Glut \Glut\ (gl[u^]t), v. t. [imp. & p. p. Glutted; p. pr. &
   vb. n. Glutting.] [OE. glotten, fr. OF. glotir, gloutir, L.
   glutire, gluttire; cf. Gr. ? to eat, Skr. gar. Cf.
   Gluttion, Englut.]
   1. To swallow, or to swallow greedlly; to gorge.
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            Though every drop of water swear against it,
            And gape at widest to glut him.       --Shak.
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   2. To fill to satiety; to satisfy fully the desire or craving
      of; to satiate; to sate; to cloy.
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            His faithful heart, a bloody sacrifice,
            Torn from his breast, to glut the tyrant's eyes.
                                                  --Dryden.
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            The realms of nature and of art were ransacked to
            glut the wonder, lust, and ferocity of a degraded
            populace.                             --C. Kingsley.
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   To glut the market, to furnish an oversupply of any article
      of trade, so that there is no sale for it.
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The Collaborative International Dictionary of English v.0.48:

Glut \Glut\, v. i.
   To eat gluttonously or to satiety.
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         Like three horses that have broken fence,
         And glutted all night long breast-deep in corn.
                                                  --Tennyson.
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The Collaborative International Dictionary of English v.0.48:

Glut \Glut\, n.
   1. That which is swallowed. --Milton
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   2. Plenty, to satiety or repletion; a full supply; hence,
      often, a supply beyond sufficiency or to loathing; over
      abundance; as, a glut of the market.
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            A glut of those talents which raise men to eminence.
                                                  --Macaulay.
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   3. Something that fills up an opening; a clog.
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   4.
      (a) A wooden wedge used in splitting blocks. [Prov. Eng.]
      (b) (Mining) A piece of wood used to fill up behind
          cribbing or tubbing. --Raymond.
      (c) (Bricklaying) A bat, or small piece of brick, used to
          fill out a course. --Knight.
      (d) (Arch.) An arched opening to the ashpit of a kiln.
      (e) A block used for a fulcrum.
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   5. (Zool.) The broad-nosed eel (Anguilla latirostris),
      found in Europe, Asia, the West Indies, etc.
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WordNet (r) 3.0 (2006):

glut
    n 1: the quality of being so overabundant that prices fall [syn:
         glut, oversupply, surfeit]
    v 1: overeat or eat immodestly; make a pig of oneself; "She
         stuffed herself at the dinner"; "The kids binged on ice
         cream" [syn: gorge, ingurgitate, overindulge, glut,
         englut, stuff, engorge, overgorge, overeat,
         gormandize, gormandise, gourmandize, binge, pig
         out, satiate, scarf out]
    2: supply with an excess of; "flood the market with tennis
       shoes"; "Glut the country with cheap imports from the Orient"
       [syn: flood, oversupply, glut]