The Collaborative International Dictionary of English v.0.48:

Craft \Craft\ (kr[.a]ft), n. [AS. cr[ae]ft strength, skill, art,
   cunning; akin to OS., G., Sw., & Dan. kraft strength, D.
   kracht, Icel. kraptr; perh. originally, a drawing together,
   stretching, from the root of E. cramp.]
   1. Strength; might; secret power. [Obs.] --Chaucer.
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   2. Art or skill; dexterity in particular manual employment;
      hence, the occupation or employment itself; manual art; a
      trade.
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            Ye know that by this craft we have our wealth.
                                                  --Acts xix.
                                                  25.
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            A poem is the work of the poet; poesy is his skill
            or craft of making.                   --B. Jonson.
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            Since the birth of time, throughout all ages and
            nations,
            Has the craft of the smith been held in repute.
                                                  --Longfellow.
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   3. Those engaged in any trade, taken collectively; a guild;
      as, the craft of ironmongers.
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            The control of trade passed from the merchant guilds
            to the new craft guilds.              --J. R. Green.
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   4. Cunning, art, or skill, in a bad sense, or applied to bad
      purposes; artifice; guile; skill or dexterity employed to
      effect purposes by deceit or shrewd devices.
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            You have that crooked wisdom which is called craft.
                                                  --Hobbes.
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            The chief priests and the scribes sought how they
            might take him by craft, and put him to death.
                                                  --Mark xiv. 1.
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   5. (Naut.) A vessel; vessels of any kind; -- generally used
      in a collective sense.
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            The evolutions of the numerous tiny craft moving
            over the lake.                        --Prof.
                                                  Wilson.
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   Small crafts, small vessels, as sloops, schooners, ets.
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The Collaborative International Dictionary of English v.0.48:

Craft \Craft\, v. t.
   To play tricks; to practice artifice. [Obs.]
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         You have crafted fair.                   --Shak.
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WordNet (r) 3.0 (2006):

craft
    n 1: the skilled practice of a practical occupation; "he learned
         his trade as an apprentice" [syn: trade, craft]
    2: a vehicle designed for navigation in or on water or air or
       through outer space
    3: people who perform a particular kind of skilled work; "he
       represented the craft of brewers"; "as they say in the trade"
       [syn: craft, trade]
    4: skill in an occupation or trade [syn: craft,
       craftsmanship, workmanship]
    5: shrewdness as demonstrated by being skilled in deception
       [syn: craft, craftiness, cunning, foxiness, guile,
       slyness, wiliness]
    v 1: make by hand and with much skill; "The artisan crafted a
         complicated tool"