The Collaborative International Dictionary of English v.0.48:

Toy \Toy\ (toi), n. [D. tuid tools, implements, stuff, trash,
   speeltuig playthings, toys; akin to G. zeug stuff, materials,
   MNG. ziuc, Icel. tygi gear; all ultimately from the root of
   E. tug, v. t.; cf. G. zeugen to beget, MHG. ziugen to beget,
   make ready, procure. See Tug, v. t.]
   [1913 Webster]
   1. A plaything for children; a bawble. --Cowper.
      [1913 Webster]

   2. A thing for amusement, but of no real value; an article of
      trade of little value; a trifle.
      [1913 Webster]

            They exchange for knives, glasses, and such toys,
            great abundance of gold and pearl.    --Abr. Abbot.
      [1913 Webster]

   3. A wild fancy; an odd conceit; idle sport; folly; trifling
      opinion.
      [1913 Webster]

            To fly about playing their wanton toys. --Spenser.
      [1913 Webster]

            What if a toy take 'em in the heels now, and they
            all run away.                         --Beau. & Fl.
      [1913 Webster]

            Nor light and idle toys my lines may vainly swell.
                                                  --Drayton.
      [1913 Webster]

   4. Amorous dalliance; play; sport; pastime. --Milton.
      [1913 Webster]

            To dally thus with death is no fit toy. --Spenser.
      [1913 Webster]

   5. An old story; a silly tale. --Shak.
      [1913 Webster]

   6. [Probably the same word.] A headdress of linen or woolen,
      that hangs down over the shoulders, worn by old women of
      the lower classes; -- called also toy mutch. [Scot.]
      "Having, moreover, put on her clean toy, rokelay, and
      scarlet plaid." --Sir W. Scott.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Toy \Toy\, v. i. [imp. & p. p. toyed; p. pr. & vb. n.
   toying.]
   To dally amorously; to trifle; to play.
   [1913 Webster]

         To toy, to wanton, dally, smile and jest. --Shak.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Toy \Toy\, v. t.
   To treat foolishly. [Obs.] --E. Dering (1576).
   [1913 Webster]

WordNet (r) 3.0 (2006):

toy
    n 1: an artifact designed to be played with [syn: plaything,
         toy]
    2: a nonfunctional replica of something else (frequently used as
       a modifier); "a toy stove"
    3: a device regarded as providing amusement; "private airplanes
       are a rich man's toy"
    4: a copy that reproduces a person or thing in greatly reduced
       size [syn: miniature, toy]
    5: any of several breeds of very small dogs kept purely as pets
       [syn: toy dog, toy]
    v 1: behave carelessly or indifferently; "Play about with a
         young girl's affection" [syn: dally, toy, play,
         flirt]
    2: manipulate manually or in one's mind or imagination; "She
       played nervously with her wedding ring"; "Don't fiddle with
       the screws"; "He played with the idea of running for the
       Senate" [syn: toy, fiddle, diddle, play]
    3: engage in an activity as if it were a game rather than take
       it seriously; "They played games on their opponents"; "play
       the stock market"; "play with her feelings"; "toy with an
       idea" [syn: play, toy]

Moby Thesaurus II by Grady Ward, 1.0:

272 Moby Thesaurus words for "toy":
   Charlie McCarthy, a continental, a curse, a damn, a darn, a hoot,
   agate, agent, ancilla, appliance, babe, baby, baby-sized,
   bagatelle, ball, bantam, banty, baseball bat, bat, battledore,
   bauble, bean, bibelot, bill and coo, bit, blocks, boob, boutade,
   brainstorm, brass farthing, bric-a-brac, butt, button, byword,
   byword of reproach, capriccio, caprice, caress, cent, checkerboard,
   chessboard, chump, cinch, club, cockhorse, compact, conceit,
   contrivance, copulate, coquet, cosset, crank, craze, crazy idea,
   creature, credulous person, cricket bat, crotchet, cuddle, cue,
   cull, curio, dabble, dally, dandle, derision, device, die,
   diminutive, disport, doll, doll carriage, dummy, duodecimo, dupe,
   easy mark, easy pickings, fad, fair game, fall guy, fancy,
   fantastic notion, fantasy, farce, farthing, feather, fiddle,
   fiddle with, fiddle-faddle, fidget with, fig, figure of fun,
   finger with, fish, fleabite, flimflam, flirt, folderol, fool,
   fool around, fool notion, fool with, freak, freakish inspiration,
   fribble, frippery, frivol, frolic, game, gaud, gazingstock, gewgaw,
   gimcrack, go-between, goat, gobe-mouches, golf club, greener,
   greenhorn, greeny, gudgeon, gull, hair, halfpenny, handmaid,
   handmaiden, handy, harebrained idea, hill of beans, hobbyhorse,
   horse around, humor, idle, implement, innocent, instrument,
   interagent, intermediary, intermediate, intermedium,
   jack-in-the-box, jacks, jackstones, jackstraws, jerk off, jest,
   jestingstock, joke, kickshaw, kid around, kink, knack, knickknack,
   knickknackery, laughingstock, lead on, leadpipe cinch, lever,
   loiter, lollygag, maggot, make love, make out, marble, marionette,
   mechanism, mediator, medium, megrim, mess around, midwife, mig,
   miniature, miniaturized, minikin, minimal, minion, minuscule,
   mockery, molehill, monkey, monkey around, neck, notion, novelty,
   organ, paper doll, passing fancy, patsy, pawn, peppercorn, pet,
   picayune, pick-up sticks, piddle, pigeon, pin, pinch of snuff,
   pinprick, pinwheel, play, play around, play with, plaything,
   pocket, pocket-sized, pony, potter, pretty, prize sap, puppet,
   pushover, putter, quirk, racket, rag doll, rap, red cent,
   rocking horse, row of pins, rush, sap, saphead, schlemiel, servant,
   shit, sitting duck, slave, small-scale, smatter, smooch, snap,
   sneeshing, sou, spoon, sport, steelie, stock, stooge, straw,
   string along, subminiature, sucker, sweet-talk, target, taw, tease,
   teetotum, tinker, tool, top, toy soldier, toy with, trifle,
   trinket, triviality, trusting soul, tuppence, twelvemo, twiddle,
   two cents, twopence, vagary, vehicle, vest-pocket, victim, wanton,
   whatnot, whim, whim-wham, whimsy, whisper sweet nothings



The Jargon File (version 4.4.7, 29 Dec 2003):

toy
 n.

    A computer system; always used with qualifiers.

    1. nice toy: One that supports the speaker's hacking style adequately.

    2. just a toy: A machine that yields insufficient computrons for the
    speaker's preferred uses. This is not condemnatory, as is bitty box; toys
    can at least be fun. It is also strongly conditioned by one's expectations;
    Cray XMP users sometimes consider the Cray-1 a toy, and certainly all RISC
    boxes and mainframes are toys by their standards. See also Get a real
    computer!.


The Free On-line Dictionary of Computing (30 December 2018):

toy

   A computer system; always used with qualifiers.

   1. "nice toy": One that supports the speaker's hacking style
   adequately.

   2. "just a toy": A machine that yields insufficient
   computrons for the speaker's preferred uses.  This is not
   condemnatory, as is bitty box; toys can at least be fun.  It
   is also strongly conditioned by one's expectations; Cray XMP
   users sometimes consider the Cray-1 a "toy", and certainly all
   RISC boxes and mainframes are toys by their standards.  See
   also Get a real computer!.

   [Jargon File]