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.]
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   1. A plaything for children; a bawble. --Cowper.
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   2. A thing for amusement, but of no real value; an article of
      trade of little value; a trifle.
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            They exchange for knives, glasses, and such toys,
            great abundance of gold and pearl.    --Abr. Abbot.
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   3. A wild fancy; an odd conceit; idle sport; folly; trifling
      opinion.
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            To fly about playing their wanton toys. --Spenser.
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            What if a toy take 'em in the heels now, and they
            all run away.                         --Beau. & Fl.
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            Nor light and idle toys my lines may vainly swell.
                                                  --Drayton.
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   4. Amorous dalliance; play; sport; pastime. --Milton.
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            To dally thus with death is no fit toy. --Spenser.
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   5. An old story; a silly tale. --Shak.
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   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.
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